National Homelessness Property Fund II

The challenge

There is an acute shortage across the UK of affordable, good quality and suitable housing for people experiencing and at risk of homelessness; resulting in people being housed in expensive and unsuitable temporary B&B accommodation.

Our approach

Our investment builds on our ongoing support of Resonance’s range of homelessness property funds. The ambition is to scale this model – which has been proven to effectively transition people experiencing homelessness into private rented sector tenancies. In addition to being provided with housing, individuals and families also have access to support in order to help them maintain their tenancies, find employment or education, and set down roots in the community.

The fund

The ten-year fund invests directly into a diversified portfolio of residential properties – which will then be leased to housing providers to deliver affordable, good quality and suitable housing to address homelessness. The fund will initially focus on purchasing affordable homes in the North West of England, followed by expansion across the UK.