Homes for Good receives additional investment of £ 3.5million

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Houses for Good, Scotlandthe first rental agency for social enterprises in in support low people incomes and with limited accommodation choice, received £ 3.5m inclothes of Social and sustainable capital (SASC) To to grow his goods wallet.

It is SASCis second inclothes in Houses for Good, who will use the funds To to buy To 50 properties in Glasgow and the west of Scotland for incapable people To access social housing or who are at risk of homelessness. Properties will be purchased and renovated To give safe, affordable and secure tenants houses for tenants, who can also To access ongoing support with Houses for Good and its partners.

Currently Houses for Good manages over 500 properties and owns 266 properties and this new inclothes of SASCThe Fund for Social and Sustainable Housing (SASH) creates a major milestone Toachieved its goal of having 1,000 properties under management by 2025.

SASC previously provided Houses for Good‘s with a loan of £ 2.85million of his third sector Inclothes Funds in 2018 To buy 53 properties in Glasgow.

Houses for Good Was found in 2013 by Dr Susan Aktemel who saw the opportunity To improve the private rental sector for tenants and owners by creating a new type of rental agency, as a values-driven social enterprise, and To create a high quality housing option for people at risk of homelessness or with very limited choice in the traditional private rental sector (PRS).

PRS tenants often have major challenges in find a safe house due To affordability, insecurity of tenure, quality and widespread perceptions of rental agents and landlords around risk in engage with people downstairs incomes or who need help. Houses for Good addresses these challenges by offering an alternative approach To a standard rental agency. In addition to offering safe and quality housing, the organization also offers flexible and personalized support. To people with various needs, inincluding mental health, homelessness and relationship breakdowns.

Dr Susan Aktemel, Executive Director, said: “We are delighted To work with SASC on a second round of funding, which will help us provide more high-quality housing To those who need it most. As the UK continues To experience a housing crisis, it is essential that we innovate in the private sector To help close the gap in housing supply, which is exactly what we do at Houses for Good. “

Ben Rick, co-founder and CEO of SASC noted, “Houses for Good want to To lead by example in the private rental sector and To act as a catalyst for cash. Properties funded by SASH will help To address the shortage of suitable goods in the region and extend their reach To those who might not otherwise have been able to To secured Well quality and affordable accommodation.

SASCThe fund for social and sustainable housing (SASH) was launched in May 2019. This is the only fund set up To put the ownership of supported housing in frontline charitable workers who work To housing the homeless and those at risk of becoming homeless.

The fund provides flexible secured loans in the amount between £ 2million and5m To social sector organizations that have experience of providing both housing and a high degree of support To disadvantaged clientele.


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