The first local families have moved into newly refurbished homes as part of a £30million investment aimed at tackling homelessness in Gloucestershire.
Led by social impact investor Resonance and charity Developing Health and Independence (DHI), the initiative has been designed to provide safe, stable housing and support for individuals and families facing housing insecurity and homelessness.
Alongside housing, tenants will also receive wraparound support with their health, wellbeing and help in seeking employment and training opportunities.
The initiative was made possible thanks to Gloucestershire Pension Fund investing £30 million into Resonance’s National Homelessness Property Fund 2 (NHPF2), with DHI letting the homes from the fund and providing tenant support.
Rosie Phillips, Chief Executive of DHI, said: “We believe that every family deserves not just a roof over their head but a place to truly call home. By listening to families and involving them so they are empowered in the process, we are helping to create environments where they can not only live but thrive.
“Through our collaborative partnership with Resonance and local councils and building contractors, the fund has provided a tailored transition for families housed in temporary accommodation who are facing complex challenges.”
The 90 homes were purchased by Resonance, refurbished to a high standard and their energy efficiency improved, before being leased to DHI’s social letting agency Home Turf Lettings (HTL).
Families were actively engaged in viewing their homes with proximity to schools, transport, healthcare and community networks all considered.
Rahmat Baneshi and his family are one of the first tenants: “I love the house. It’s in a good location, close to the children’s school and everything we need. We were living in temporary accommodation before, so it’s very nice to have our own home.”
Chris Cullen, Head of Homelessness Property Funds at Resonance, added his support: “We’re delighted that tenants now have the keys not only to a home but also to stability, security, support and peace of mind.
“The partnership between Gloucestershire Pension Fund, DHI and Resonance demonstrates how working together can make a real difference to people and communities.”
According to recent statistics from the Ministry of Housing, Communities and Local Government, 215 households in Gloucester are living in temporary accommodation, including 113 households with children.
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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.
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