The Archbishops’ Council has pledged £2 million of its £25-million Social Impact Investment Programme to a fund that delivers supported accommodation across the UK, it was announced on Tuesday.
The second Social and Sustainable Housing Fund (SASH II), which is managed by Social and Sustainable Capital, allows charities and organisations to acquire and own portfolios of property to provide high-quality housing and targeted support to vulnerable people.
A first SASH fund in 2019 deployed £64.5 million to 20 organisations. SASH II aims to pool £125 million to help more than 30 organisations purchase 1000 properties, which it says would provide homes for 10,000 people over the life of the fund, including people who are homeless or at risk of homelessness, fleeing domestic violence, experiencing mental illness or substance addiction, ex-offenders, asylum-seekers, and young people leaving care.
Current estimates suggest that as many as 200,000 people in the UK are living in temporary, transitional housing.
Archbishops’ Council pledges £2 million to house vulnerable people https://t.co/rYp0bBdQmX
— Church Times (@ChurchTimes) November 1, 2022