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Preventing homelessness with Resonance and Let Us

Preventing homelessness with Resonance and Let Us

Three-bedroom terraced house in Bolton is the 1,000th home bought by a social impact fund and let to us as we support people facing housing crisis.

One way we help people at risk of homelessness starts with a fund that buys and improves properties that are then leased to us, so we can provide more quality affordable homes.

Resonance is a social impact investment company. It manages funds focusing on major societal issues. The largest funds are used to address homelessness in different parts of the country and in Greater Manchester they support the Let Us partnership, which includes us.

Let Us is a group of registered housing providers offering ethical lettings agency services to landlords in the region. The group also includes ForHousing, Salix Homes, Stockport Homes Group and Wigan Council. It was established by the Greater Manchester Housing Providers (GMHP) partnership- which we’re also members of.

The homeless property fund alleviates the shortage of affordable homes and gives people a pathway out of temporary accommodation. It’s used to buy and refurbish properties and make them energy efficient. They are then leased to housing providers and homelessness charities which, in turn, rent to individuals and families at risk of homelessness, with a secure tenancy and support to sustain their tenancy. By providing stability and improving housing and life opportunities this way, people are in a better position to start saving and move-on in the future.

Through the work of our Landlord Services, and as part of Let Us, we’re making more quality private rented homes available for individuals and families who desperately really need them.

Our Landlord Services Manager, Dianne Simpson, said: “We’re proud to be part of Let Us and as partners of Resonance we’re able to provide more desperately needed social housing across the region. It’s important for us to work with organisations like Resonance who invest in the properties they purchase to ensure the affordable homes that we manage are high quality and tenants are safe, warm and comfortable. This milestone of 1,000 homes through Resonance highlights the wider team effort involved as we all do what we can to protect those in our communities who are at risk of homelessness.”

You can read more about it on the Resonance website, in their blog post ‘1,000th home and still counting’, here: https://resonance.ltd.uk/news/news/1000-homes-purchased-by-resonance.

You can find out more about Let Us at www.letusgm.com.