- SASC announces a £2.85 million investment to Homes for Good to grow its social property portfolio in Glasgow
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Posted 19.07.18
Social and Sustainable Capital (SASC): Article link
SASC has made our first investment in Scotland with a £2.85 million investment into a new subsidiary of Homes for Good, a social letting agency set up in 2013 that provides social and affordable housing in Glasgow and the surrounding areas.
Homes for Good approached SASC for investment as it recognised the need for an alternative approach in the face of growing housing demand, with the importance of access to appropriately located, high quality and stable housing being key in enabling individuals to address wider challenges.
SASC has provided the loan finance using an innovative property finance structure that will enable the social enterprise to grow its portfolio of homes by at least 50 additional properties to serve its beneficiaries and homelessness partner organisations.
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Updated 10.07.18
