Social and Sustainable Capital to grow housing fund to £100 million

Social and Sustainable Capital (SASC) has announced a second round of fundraising for Social and Sustainable Housing (SASH), a fund designed for charities to enable them to purchase homes for vulnerable people across the UK. Launched in May, it attracted £26.5m from 19 investors. SASC has already committed £15m to five outstanding charities and has significant demand requiring additional fundraising.

Ben Rick, Managing Director, SASC said: “To meet the demand for homes for vulnerable people and enable charities to provide permanent accommodation we need the fund to grow to £100m which will support 30 organisations to house 10,000 over the next 10 years.”

Hull Women’s Network was the first charity to receive an investment through SASH which will enable the charity to purchase 49 two to three bed properties for women and children escaping domestic violence in Hull.

Rick concluded, “We are looking for investors for whom this issue resonates, and who want to invest for both a financial and social return. The more organisations we can empower with funding, the bigger dent we can make in the housing crisis.”

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