Social and Sustainable Capital brings a second sustainable housing fund to market

Social and Sustainable Capital (SASC), a social investor and one of the UK’s first social investment funds, has launched its second housing fund, Social and Sustainable Housing II (SASH II).

The fund collected nearly £35 million ($40 million) of commitments in its first close from an institutional investor mix consisting of the Scottish National Investment Bank, Big Society Capital, Greater Manchester Combined Authority, the Church of England’s Social Impact Investment Programme, Ceniarth and Ogelsby Charitable Trust.

SASC is already working towards a second close that is expected to include both new and existing SASH investors.

With a target size of £125 million ($144 million), the fund aims to help more than 30 organizations purchase 1,000 properties, providing homes for 10,000 people throughout the life of the fund. The first fund in the series launched in 2019 and has raised and allocated £64.5 million ($74 million) to 20 organizations.

“SASH