The Fund provides loans to Community Land Trusts and other community groups that are undertaking affordable housing projects. The Fund enables community land trusts to increase the supply of affordable rented housing, meaning that those in need of affordable accommodation can remain in their communities.
Community groups often struggle to access mainstream finance due to a lack of track record or the availability of assets to act as security.
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Fund size
£3.8 million -
Better Society Capital commitment
£2.5
Key information
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Geography
UK wide -
Investment type
Enterprise debt -
Fund manager
Resonance -
Investment status
Current -
Investment date
2012 -
Term
10 years
Impact
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Number of housing units
-
Number of people housed
-
Average tenancy length
Sustainable development goals
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3: Good Health and Well-being Ensure healthy lives and promote well-being for all at all ages -
8: Decent Work and Economic Growth Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all -
11: Sustainable Cities and Communities Make cities and human settlements inclusive, safe, resilient and sustainable