Edmond de Rothschild Real Estate Investment Management, the Real Estate platform of the Edmond de Rothschild Group, announces that it has secured a £30 million commitment from Strathclyde Pension Fund into Funding Affordable Homes, a UK affordable housing fund.

Funding Affordable Homes invests in the UK affordable housing sector, with the objective of delivering an increase in the number of affordable homes, delivering positive social impact and providing attractive, stable and progressive returns to its investors. Helping to address the UK housing crisis, the Fund’s portfolio (valued at £133.9 million at 30th September 2022) currently comprises 768 existing homes across 10 projects, offering affordable homes to up to 1,300 people across the UK.

There are 1.6 million households (an estimated 3-4 million people) on housing waiting lists in the UK with 278,000 households being statutorily homeless. Whilst affordable housing completions have been increasing, over 60,000 are needed every year – a level that has only been reached twice in the last 25 years[4]. With the UK population continuing to grow (it is expected to increase by c.3 million in this decade, surpassing 70 million by 2031[5]), a step change of affordable housing completions is required to address the supply-demand imbalance.

You can now read the full press release at the link below