Homes for Good

Homes

Homes for Good is a social enterprise letting agency providing secure, quality homes.

Published

Key information

  • Focus area

    Social lending
  • Investment type

    Enterprise equity
  • Region

    Scotland
  • Duration

    8 years
  • Investment amount

    £2 million
  • Cost of capital

    loan with an equity stake
  • Challenge

    In Glasgow, the quality of housing and landlord services at the lower end of the private rental market are generally poor. Vulnerable people and those on low incomes living in some of the most deprived areas of the UK struggle to find a happy, secure home.

  • Solution

    Homes for Good buys and refurbishes properties, increasing the supply of good quality housing in the private rented sector and improving the standard of accommodation for vulnerable people.

  • Revenue model

    The investment was raised to provide the equity piece in property purchases. It could be repaid in a number of ways at the end of the eight year term, including refinancing through an increase in the portfolio’s value, or selling the properties, preferably to first-time buyers.

  • Impact

    Homes for Good will support more than 500 people on benefits, low incomes and those at risk of homelessness over the eight-year investment. They will also support asylum
    seekers, victims of domestic abuse and disabled people, making better quality housing available to vulnerable people in Glasgow.

Karen Ng

Karen Ng

Investment Director (on maternity leave)
Talk to me about:
Social and affordable housing

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