HOMELESSNESS PROPERTY FUNDS SOCIAL IMPACT REPORT 2023/24
A home isn’t just a roof over someone’s head—it’s a foundation for helping to rebuild a life and a positive future.
Access to decent housing is a fundamental human need, essential for well-being, dignity, and stability. For people experiencing homelessness and facing housing crisis, the lack of a permanent home can have far-reaching consequences, impacting their physical health, mental wellbeing, making it difficult for them to access support networks and social care services, and their ability to achieve economic stability.
Whilst temporary accommodation provides emergency shelter, it is not a long-term solution, often lacking privacy, security and a sense of safety. Temporary accommodation can also often be retraumatising for some and can prevent people from accessing specialist support services and putting down roots.
With a lack of affordable housing, the UK continues to face a significant housing crisis. Resonance’s Homelessness Property Funds are providing a solution to this crisis by providing stable and affordable homes for people facing homelessness. Working with expert housing partners, the funds are providing tenants with both stable housing that is energy efficient and meets their needs and a foundation from where they can start to rebuild their confidence and independence, tackle health issues, establish routines, reconnect with their communities, build relationships, participate in society in meaningful ways and start making plans toward a better life.
Creating positive tenant outcomes is a priority of the funds, measured against four key impact areas.
1 Improving housing options: Tenants feel secure in their homes and able to sustain their tenancies – this is particularly important in the first six months of a tenancy as people settle into new homes.
“Having a stable home means a lot to me as I can choose to do what I want, when I want, in my own time - and I haven’t been able to do that for a very long time. It’s got me in a place where it’s a good start for the future.” Lee
2 Progressing towards work: Having a stable place to live provides tenants with a foundation from which they can focus on goals such as employment. It enables them to take steps towards seeking and maintaining steady work.
“My new home and independence have made me think about, and work towards, returning to work and moving on to my own permanent accommodation. I am keen to return to full-time employment.” David
3 Improving resilience against homelessness: Stable housing affects every aspect of life. It enables tenants to make positive steps in other areas of their lives, and is measured through evidence that tenants have established roots in their community and are taking more control of their finances
“Having this tenancy has made me more stable and I'm looking forward to moving on to my own tenancy one day. It has helped me integrate into society and get used to things like paying bills, which I didn't do before.” Andrew
4 Stable housing for children: The funds’ homes are making a positive impact the health and wellbeing and development of children. A stable home provides children with educational and emotional stability, improved social development and mental and physical health, and access to community resources, helping them thrive and more likely to be able to access future opportunities.
“Having a stable home means the world to me as I feel secure and have a sense of belonging. A home for my children, grandchildren and family to visit and feel proud of. It means a new beginning and creating new memories.” Theresa
Read more about how our homelessness property funds are having a transformative impact on people who have experienced homelessness and housing crisis, here.
Sign up today and keep up to date with all our latest social impact news, innovations and insights so you never miss a thing.
Resonance Limited is a company registered in England and Wales no. 04418625
Resonance Impact Investment Limited, a subsidiary of Resonance Limited, is authorized and regulated by the Financial Conduct Authority (FCA). Firm number 588462.
Disclaimer: This website does not contain, constitute, nor does it form part of, an offer to sell or purchase or a solicitation of an offer to sell or purchase, any securities, investments or financial instruments referred to herein or to enter into any other transaction described herein. Resonance is not providing, and will not provide, any investment advice or recommendation (personal or otherwise) to you in relation to any securities, investments or financial instruments or transactions described herein. Whilst all reasonable care has been taken to ensure the accuracy of the information contained in this website, neither Resonance nor its officers accept any liability for its contents or for any errors or omissions.