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Social Housing Overview
Across the UK and the EU there is increasing evidence pointing to the long-term structural shortage of social and affordable housing of all types.
An EU sponsored study* in 2018 estimated the lack of investment in affordable housing across the UK and the EU stood at a minimum of €57 billion per year with financial resource being a key missing piece needed to solve the lack of supply.
As government grant funding across the UK and the EU has become less available for social and affordable housing development so long-term, ethical private capital is becoming much more important to bring about additional supply.
Pioneers
CIM is a pioneer in introducing private sector capital into the social and affordable housing sector.
In 2016 we launched “Civitas Social Housing PLC” the first London listed real estate investment trust to introduce long-term capital into healthcare properties in the social and affordable housing sector in the UK.
This focused on the provision of much needed care-based housing for individuals with life-long care needs including:
Learning Disability
Mental Health
Autism
Acquired Brain Injury
We have since extended our investment remit to include a broader range of social housing needs including the provision of housing for those individuals facing the risk of homelessness.
Over the next 12 months we expect to expand this further into Europe and across other forms of housing including shared-ownership and standard general needs.
Delivering care based housing on a national scale
In 2019 CIM partnered with global investment manager Schroders to launch a private institutional fund dedicated to the exclusive delivery of new build healthcare housing for 2,000 individuals across 175 community-based dwellings.
CIM is today the largest provider of healthcare housing for specialist care-based users in the UK. This enables individuals to live in a community-based setting and to receive support to enhance lives and outcomes.