The Fund provides equity-like capital to build and buy affordable homes. The properties will be managed by mid-sized housing associations enabling them to reach a greater number of individuals in need of a home.
The Fund’s social purpose is to increase the provision of good quality, affordable housing to improve the lives of people in social need. The Good Economy Partnership act as the Social Impact Advisor for the Fund, working with Funding Affordable Homes to develop impact assessment tools and due diligence frameworks for each investment.
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Fund size
£55.5 million -
Better Society Capital commitment
£15 million
Key information
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Geography
UK wide -
Investment type
Property -
Fund manager
Funding Affordable Homes -
Investment status
Current -
Investment date
2015 -
Term
7 years
Impact
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Number of housing projects invested in
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Number of people housed
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% of properties in 20% most deprived local authorities in the UK
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
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Other investors
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Key partners