Affordable Homes Rental Fund
The Affordable Homes Rental Fund is operated by Resonance's community development finance institution Community Land & Finance CIC. The primary aim of the Fund is to facilitate delivery of grant-free affordable rental housing by providing development capital and medium term finance to Community Land Trusts or other community-led organisations.
There are a growing number of communities wishing to develop, own and manage their own community housing in order to address the issue of people being unable to afford to rent or buy in their local area. However, current loan finance funds typically only provide around 60-80% of required development capital and so community groups struggle to finance new build developments. The Fund can overcome this by providing up to 100% of capital required.
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or, if you wish to discuss your suitability for the Fund, please contact Resonance Ltd:
John Williams t. 0161 883 0961, e. firstname.lastname@example.org or
Simon Chisholm t. 01422 728738, e. email@example.com.