Insider Insights from specialists in supported living properties
At our recent networking event, experts in developing and managing supported living properties shared invaluable insights.
Read the article >Liverpool City Council is looking to the private rented sector (PRS) to alleviate the cost of temporary accommodation to support families facing homelessness which has risen by an incredible 10,000% in five years. This dramatic increase demonstrates that the demand for property, not just in Liverpool but across the UK, has reached a crisis point.
Spending on temporary accommodation in the city has increased from £250,000 in 2019 to a projected £25m by the end of this financial year.
A report going before the council’s cabinet recommended the procurement of 400 private rented homes for a period of up to five years, with an estimated cost of £19m up to 2029 – a net saving of £121m if current spending trends continue.
Almost 1,000 families in Liverpool currently reside in temporary accommodation, with 558 currently staying in B&Bs and hotels.
The report will be considered on Wednesday, around one week after more than 50 council leaders raised the issue of homelessness and increased temporary accommodation costs at a crisis meeting in Westminster.
Sarah Doyle, cabinet member for housing said: “The homelessness situation in Liverpool is at crisis point. Due to unprecedented external factors, the cost of housing people in temporary accommodation has become unsustainable.
“A 10,000% rise in five years is a frightening number and is creating phenomenal pressure on our overall council budget.”
For the full report please click here Inside Housing - News - Council looks to PRS to save £121m on temporary accommodation
At our recent networking event, experts in developing and managing supported living properties shared invaluable insights.
Read the article >Investing in homes for children in care is unique and different from regular property investing. It is highly regulated, and you have to go through a lot of hoops, but it can also be very rewarding if done properly.
Read the article >When entering a supported living arrangement, just like any other business relationship, we strongly recommend that thorough due diligence is essential for both care providers assessing landlords and landlords assessing providers and any other third parties that may be involved such as Housing Associations.
Read the article >As the winter season is upon us, the homelessness crisis in the UK is deepening. This issue was discussed in an Inside Housing article where they highlighted that there has been a 6.8% increase in households facing homelessness or at risk of it compared to the previous year.
Read the article >