A new £15m Community-led Housing Facility has launched today. The facility, developed by Big Society Capital, will support the growth of community-led housing by investing alongside other social investors into projects across the UK. The facility will provide finance to larger, mainly urban projects at the post planning stage.
SASC, together with FSE Group and Northstar Ventures will be the first group of social investors that can access the facility to invest in projects that need more than £1m of investment.
We feel this initiative is a great fit with the objectives of our Community Investment Fund and hope this will enable us to support more affordable housing projects.
If you wish to read the full press release, please visit here.