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Community Group Of House Builders To Become Shared Owners

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Affordable Homes Rental Fund, Helping To Build Sustainable Communities

We have recently supported a community group who will be building their own homes – in exchange for their labour they will receive a percentage of the house once it is built and will enter into a shared ownership lease. The community group said “thanks for your support in progressing this exciting project, which has created a large amount of interest locally and has a huge amount of backing in and around the area”.

The Fund provides loan finance to community groups within the UK who are undertaking affordable rental housing projects for the benefit of their local community, but who may struggle to secure loan finance from a high street bank.

We currently have over £2m of loans drawn/offered to 9 community groups across the UK who are undertaking projects ranging from new build, office conversions, self build and bringing back empty homes to life. If you have a local housing project that has an element of affordable rental then please do get in touch to see if we can support your project. Work is underway on raising the next round of investment for the Fund, with a £500,000 investment commitment from the Esmee Fairbairn Foundation. If you are a Trust/Foundation and would like more information about investing please contact us here.

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Resonance Impact Investment Limited, a subsidiary of Resonance Limited, is authorized and regulated by the Financial Conduct Authority (FCA). Firm number 588462.

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