Investment Fund Looks To Build Real Future for Homeless

Homelessness charity Broadway has launched a social impact investment fund which aims to provide housing for vulnerable people while generating an income for investors.  The Real Lettings Property Fund aims to raise £15m to £20m in the first tranche, which will be used to buy up to 100 one- and two-bedroom flats in London in the first year that can be let to the Broadway subsidiary Real Lettings. This specialist lettings agency rents property from private sector landlords to sublet to tenants who are moving on from a hostel or temporary accommodation, and who are vulnerable to homelessness.  Read more on the Guardian website.