Number of organisations that will be supported
Number of people that will be housed
Target total fund size
Access to safe and stable accommodation is essential to help improve the lives of people facing difficult situations such as addiction or homelessness, however many charities face barriers when trying to secure property. The private rented sector can’t offer a solution in many cases, with private landlords preferring not to let to those receiving benefits. Some of these charities have started purchasing property, however there are many challenges, such as the gathering a deposit that could be 30% or more.
By owning their own properties charities can become more financially sustainable and resilient than through leasing properties. Social and Sustainable Capital (SASC) presented a solution though their Housing Fund, co-designed with charities and social enterprises to ensure it met their needs. In order to remove some of the barriers to ownership SASC’s Fund eliminates the need for a deposit, offering charities a 105% mortgage. The extra 5% can be put towards the management of the properties purchased. The Fund will also help charities to move on to accessing mainstream finance in the long term, offering the change to a traditional mortgage after 10 years.
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Social and affordable housing
We invest alongside others in housing funds that increase the supply of quality social and affordable homes in the private rented sector.
We work with expert partners to understand people’s needs first. Then, using our knowledge and capital, we collaborate and invest with fund managers who also want to create a better, sustainable future.
Our approach to impact is deeply embedded in our investment process, decision making and portfolio management, making sure it runs through everything we do.
Whether you are a social enterprise, charity, investor or fund manager, we’d like to hear from you about how we can unite capital, expertise and ideas to solve social issues.