HOMELESSNESS PROPERTY FUNDS SOCIAL IMPACT REPORT 2022/23
For tenants who have experienced homelessness, or even the threat of it, realising they finally have a safe roof over their heads and the support to help them rebuild their lives, is the foundation from which they can finally turn their eyes to planning their future. Project SAVE is one way that Resonance and our expert housing partners are helping our tenants to build a way forward to save a deposit for a future home, as well as encouraging them to develop the skills and relationships they may need to become more resilient and independent.
Through our social impact property funds we work closely with housing partners to provide a home and expert support for individuals and families facing a housing crisis. Enabling our tenants to move-on to independent living when they are ready, and successfully continuing their housing journey into the private rental sector, is something that we are committed to do. In the current challenging economic climate, this is proving harder for tenants to achieve, especially with high deposits required by private landlords and so many people with little or no savings.
Project SAVE aims to strengthen tenants' resources, by helping to incentivise them to save for a deposit by topping up their own funds when certain milestones are achieved. Milestones include such things as building additional relationships and/or developing new skills.
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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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