• Estimated £349m local authority and £196m central government savings
• Potential savings estimated based on investments in settled homes for people in temporary accommodation

Resonance has the potential to save the government and councils more than £500million by investing in housing for people stuck in temporary accommodation.

The figure was highlighted in a report commissioned by Resonance and produced by research analyst Alma Economics this week.

Research estimates that Resonance Homelessness Property Funds could deliver £349m in savings to local authorities over the next ten years, by providing affordable settled accommodation for people experiencing or at risk of homelessness.

It could generate £196m in central government savings over the same period through reduced spending on healthcare and other services.

The estimated figures follow a previous report which analysed Resonance’s property funds from 2013-2023 and found potential savings for central and local government of £140m. New estimates are based on Resonance’s ambition to reach £800m of property funds under management by 2030.

Resonance funds purchase properties, refurbish them and then lease them to housing partners, including charities and housing associations, to provide affordable, settled homes for people affected by homelessness.

John Williams, Managing Director of Property Funds at Resonance, said: “It’s shocking to see the number of households in temporary accommodation rise every year, with many in unsuitable, substandard properties.

“Investing in longer-term homes works for families and communities, and this report highlights the benefits of savings for local authorities and government.”

As of March 2025, Resonance operated five homelessness property funds with properties across London, Bristol, Greater Manchester, Liverpool, Milton Keynes, Oxford, and Gloucestershire. These funds owned 1,186 properties and housed 2,324 people, including 1,359 adults and 965 children.

Adele experienced spells living in temporary and emergency accommodation with her two young children, after fleeing an abusive relationship, until Resonance’s housing partner moved Adele and her children into a new flat in Bristol, close to facilities including schools and shops and with regular transport links. She said: “I was becoming very depressed and upset before moving. Now I feel we have freedom, and my children’s health is no longer at risk. The best thing about our new home is it now feels like a home. We are all happy.”

The report comes as England faces record levels of homelessness, with 131,000 households living in temporary accommodation - almost double the figure a decade ago - leading to a reliance on hotels, bed and breakfasts and nightly paid accommodation.

George Bagdatoglou, Deputy Director of Alma Economics said: “This work highlights the substantial impacts—on families as well as on public finances—that can result from efforts to expand the availability of suitable and affordable housing options.”

To date, Resonance funds have invested £325m in homes for individuals and families in crisis.

Through its new Resonance Housing Pathways Fund due for launch in 2026, Resonance aims to raise the homelessness property funds under management to £800m, increasing the number from properties to 3,400 by 2030, through institutional investment.

The report is titled Resonance Homelessness Property Funds: Financial and Social Impact.