Social Finance
Housing

Housing is an essential part of an individuals well being

Housing

We should be looking to find stable and well managed accommodation to all our vulnerable communities

Housing provides shelter and a foundation on which to tackle other social issues. Social Finance works with local authorities, housing associations and registered providers to increase accommodation for the homeless, rough sleepers, the elderly and low-modest incomes families.

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Social Investment tax relief - a missed opportunity for housing

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Social Finance advises Enfield Council to set up company to buy homes for local families in need

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Building Homes for Generation Rent - Can Institutional Investment Meet the Challenge?

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Supporting homelessness prevention and alleviation through investment in the private rental sector

Find out more about our projects

Impact

Blackpool Housing Regeneration Company

Blackpool launches housing regeneration company to raise the quality of housing in deprived areas.

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Housing regeneration in Blackpool

The Challenge

Over 80% of private rented sector homes in Blackpool are rented to people receiving housing benefit, compared to 30% nationally. Combined with high prices and poor quality housing stock, this has led to a transient community unable to engage with public services and suffering poorer outcomes as a result.


The Opportunity

With an initial £27 million investment, Blackpool Housing Regeneration Company will buy and redevelop empty or low quality properties, creating up to 500 homes. Their goal is to create more than 3000 homes over 10 years.


The Impact

Improving the quality and security of housing in Blackpool will result better health and well being for tenants and safer, sustainable communities. This will in turn attract investment and create new jobs in local areas.


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Impact

Local Solutions Social Impact Bond

1600 of the most vulnerable homeless young people in the country will be helped to get their lives back on track with the £15 million Fair Chance Fund from the Department for Communities and Local..

This group often falls through the cracks of existing services

The Challenge

The Fund targets a group of homeless young people who are not in priority need under the homelessness legislation yet have a range of support needs and other difficulties which make it hard to successfully house them in supported accommodation.


The Intervention

Local Solutions’ Fair Chance Fund project is a partnership with Oakmere College to support homeless young people in Liverpool and Knowsley. Local Solutions will provide an intense mentoring service to help the individual address their issues and help them sustain stable accommodation whilst Oakmere College will provide vocational training and support into employment.


The Impact

Through the Fair Chance Fund, Local Solutions will be able to work with the young people for 2-3 years – substantially longer than is otherwise generally possible. Together with Oakmere College, around 130 vulnerable young people will receive this valuable support.


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Impact

St Basil’s Social Impact Bond

1600 of the most vulnerable homeless young people in the country will be helped to get their lives back on track with the £15 million Fair Chance Fund from the Department for Communities and Local..

Supporting young people without a permanent and stable home

The Challenge

The Fund targets a group of homeless young people who are not in priority need under the homelessness legislation yet have a range of support needs and other difficulties which make it hard to successfully house them in supported accommodation.


The Intervention

St Basils will address the needs of homeless young people in Birmingham, Coventry, Solihull, and Walsall to help them sustain accommodation, participate in education, and enter employment.  They aim to create an enduring community response to help these young people, by recruiting and training a network of local “Community Coaches” to complement the support provided by St Basils’ own key workers.


The Impact

The St Basils Social Impact Bond will work around 300 vulnerable people, whilst the network of community coaches will grow and continue after the programme has ended.


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Impact

Depaul UK Social Impact Bond

1600 of the most vulnerable homeless young people in the country will be helped to get their lives back on track with the £15 million Fair Chance Fund from the Department for Communities and Local..

The needs of homeless youth are often complex and under-served

The Challenge

The Fund targets a group of homeless young people who are not in priority need under the homelessness legislation yet have a range of support needs and other difficulties which make it hard to successfully house them in supported accommodation.


The Intervention

Depaul UK will help homeless young people in Manchester, Oldham, Rochdale, and Greenwich sustain accommodation, participate in education, and enter employment. A key benefit of the Social Impact Bond is that it allows their highly trained keyworkers far more time than current funding generally allows, to work with the young people to address their underlying issues and needs. The interventions will include mediation to explore whether the young person can return to their family home, support to recognise and address issues that are preventing them from sustaining tenancies and engaging in education or employment, as well as signposting to drug and alcohol support services.


The Impact

Depaul UK will deliver support to more than 175 homeless young people. The intensive keyworker-based delivery model aims to support clients to achieve positive progress in their lives.


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Impact

Building homes for Generation Rent

Social Finance and the Resolution Foundation, a policy think tank, spent six months examining the potential for institutional investment in the development of a dedicated private rented sector prod..

Can institutional investment meet the challenge?

The Challenge

The aim of the project was to assess whether it would be possible to develop a national portfolio of rented properties, which are professionally managed and maintained and offer tenants rents which are affordable and transparent, alongside improved security of tenure. This was the first time this had been considered using actual development and management costs


The Analysis

This analysis demonstrates that build to rent can deliver an affordable, more secure rental product for modest and middle income tenants in different parts of the country at the same time as delivering a competitive return for institutional investors at relatively low risk


The Impact

The development of build to rent could be an important new source of housing supply in the UK and a way of providing long term modest and middle income tenants with more affordable, more secure and more professionally managed homes


Partners

Partners

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Impact

DCLG private rental sector investment project

Social Finance was commissioned by DCLG to explore ways of using institutional investment to increase the supply of long term, well managed, Private Rented Sector (PRS) accommodation for homeless h..

Increasing the supply of private rented accommodation

The Challenge

Private rented sector often offers a poor deal for tenants. The sector is fragmented and dominated by small scale landlords, the quality of property is variable, and tenants often face limited tenancy security. Enfield ranks as the 7th highest council nationally for the number of households in temporary accommodation


The Analysis

Our report proposed a flexible model which enables different types of investment to fund a financially viable property portfolio. The model would allow Local Authorities or Housing Association to build a portfolio of street purchased properties, although it would be possible to adapt to include new build


The Impact

Success will be measured by improved quality and management of accommodation, improved tenant security, and the number of new developments completed


Partners

Partners

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Impact

Greater London Rough Sleeping Social Impact Bond

Social Finance developed a Social Impact Bond for rough sleepers in London

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The Challenge

Rough sleepers are amongst the most vulnerable people in society, with the average age of death of individuals in hostels or registered with homelessness services 40-44 years. Over half of identified rough sleepers in London have one or more support needs, including alcohol and substance misuse and mental health needs


The Intervention

Social Impact Bonds are being used to develop new, additional services tailored to individual needs over a three year period. Support includes sustained accommodation, access to health care services and reconnection opportunities. Social Finance supported GLA during the procurement process, and in October 2012, GLA awarded the rough sleeping contracts to two service providers – ThamesReach and St. Mungo’s Broadway


The Impact

The providers are working with a cohort of 831 rough sleepers. Success will be measured by a reduction in the number of individuals sleeping rough, confirmed sustainment of tenancy in a non-hostel setting, confirmed reconnection to a country in which individual enjoys local connections, and a decrease in the average number of A&E episodes per person per year


Partners

Partners

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