Managers called to focus on affordable housing in the UK
Real estate managers should place an even greater focus on fund strategies that increase the supply of good quality, affordable housing in the UK.
The message, delivered by Cardano and Big Society Capital, comes after the investment consul-tancy firm and social impact investor announced that they had joined forces to direct up to £195 million (€233 million) of new investment towards strategies addressing the UK housing crises. The capital will be raised by combining Big Society Capital’s own investment and client capital from both firms.
Both companies want to expand the insti-tutional affordable housing sector in the UK by encouraging additional institutional investment into the market. They are calling on managers to participate in a joint Request for Proposals (RfP) that is focused on strategies that increase the sup-ply, while also generating a market-rate financial return. The RfP will be open to proposals that offer meaningful solutions to help address UK so