£10m invested in housing for learning disabilities
- 18 Feb
Golden Lane Housing (GLH), the housing area of Mencap, has launched a £10m bond that will raise money to buy homes for people with learning disabilities.
One in three people with a learning disability are able to live independently, and GLH, the UK's largest ever unlisted charity bond are going to buy houses for people with a learning disability.
Housing options have been limited due to the reliance on social housing and capital grants from the government, of which there is an increasing shortage. Mencap research found that 8 in 10 councils in England and Wales report a shortage of suitable accommodation for people with a learning disability in their areas.
The charity is aiming to raise the money from various social investors, who must put in a minimum of £2,000 each. They will then receive a fixed gross yield of 4% per annum for the five year fixed term.
GLH are aiming to raise up to £30m over the next few years, to give 250 people with a learning disability the chance to live independently in specially adapted homes.
Around 80% of councils in England and Wales have a housing shortage for adults with a learning disability and 67 reckon the situation has worsened in the last 12 months.
Jan Tregelles, acting chief executive of Mencap, said:
There is a severe housing shortage for people with a learning disability.
Following the abuse scandal at Winterbourne View, demand for housing is set to grow further because the government has committed to return many of the 3,000 people currently in long stay hospitals to their local communities.
Investors in this bond have the chance to transform the lives of people with a learning disability by helping them to live the lives they choose in quality permanent homes.
Alastair Graham, director of Golden Lane Housing, said:
In difficult times, we need creative and ambitious solutions. Unprecedented cuts to local authority budgets mean charities must widen their sources of funding.
We are confident that this bond will raise the capital we need to help us support more people than ever, and in turn create a new model for social investment within the charity and housing sectors.
Image source: http://www.sxc.hu/photo/1428066
- 10 Sep
Young people with learning disabilities more likely to be abused
A group of children’s charities have said that young people with disabilities have the “same vulnerabilities” as all young people but face extra “barriers” to getting protection or support,...
- 07 Sep
Success for a disability sport programme
The programme ran for three weeks and included multi-sport camps at Aberdeen Sports Village, reports the Mearns Leader. Chair of Aberdeenshire Council’s Education, Learning and Leisure Committee...
- 21 Jul
Hartlepool to open a disability centre
Work has begun on the Hartlepool Borough Council project which aims to provide the Centre for Independent Living on the site of the current Havelock Centre in Burbank, reports The Hartlepool Mail.It...
- 14 Jul
Reform for care of adults with learning disabilities criticised for being slow
Following the care home abuse scandal at Winterbourne, Sir Stephen Bubb headed a review into care home abuse, which was published in November, reports the BBC.England's chief nursing officer said...
- 18 Jun
Campaigners warn that people with disabilities are losing rights due to government cuts
Charities are concerned that the rights of people with learning disabilities to live independent lives are slipping due to government cuts to benefits and social care, reports the Guardian. A letter...
- 11 Jun
Concern over disability benefits following council change
On the 30th of June a £500m Independent Living Fund will be in the control of local authorities, leaving people fearing how the benefit allowance for disabled adults will be affected, reports the...
- 21 May
Victims of disability hate crime are being let down
Police, prosecutors and probations services have failed to bring in need change over the past two years, a report by the Criminal Justice Inspectorate has found, reports the BBC.The CPS, police and...
- 08 May
New initiative to support young people with disabilities
Liberty Staffordshire Community Interest Company have been developed to maximise opportunities for young people due to growing concern they could be left isolated following the withdrawal of...
- 05 May
How technology is helping people with disabilities
At the exhibit people presented all-terrain wheelchairs, adapted smartphone for people whose fingers can't cope with normal devices, wheelchairs that allow the user to become level with the people...
- 01 May
Charities call for action on accessible housing
Leonard Cheshire Disability charity has told The Yorkshire Post that the lack of housing which is accessible for people with disabilities must become and election issue and is calling for the...
Support Solutions 5th National Housing Support & Social Care Conference 2014 The conference tackled todays issues at provider level, and provided knowledgeable people to present the workshops. A.L - Caraston Hall