The Greater Manchester Combined Authority have announced that more specialist supported housing and affordable housing is to be provided in Greater Manchester, thanks to money that will be made available to two new funds.
Greater Manchester leaders agreed last week (29 May) to invest £10m from the Greater Manchester Housing Investment Loans Fund into two new funds. The £10m will be at least doubled through the contribution of other investors to provide at least £20m. The funds will be managed by social impact investment company Resonance.
The first fund, the Resonance Supported Homes Fund, will be used to buy, refurbish and modify homes for people affected by:
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Learning disabilities
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Autism and neurodivergence
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Mental health needs
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Challenging behaviours; and
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Physical impairments, including those with sensory impairment
The second fund will be used to buy, refurbish and adapt homes for people who are in priority need of social housing.
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