New Social Housing Fund Secures £120m to Boost Affordable Housing Development

London, 18 January 2025 – A newly launched social housing investment fund has successfully raised £120 million to support the development of affordable homes across the UK. The ACIM Social Impact Fund (ASIF) aims to tackle the nation’s housing crisis by providing much-needed capital to housing associations, local authorities, and community-led initiatives.

The fund, spearheaded by a consortium of impact investors and housing sector specialists, will focus on financing projects that prioritise affordability, sustainability, and long-term community benefits. The investment is expected to deliver over 2,000 new homes in key regions where demand for social housing is at its highest.

Addressing the Housing Shortage

With rising rents and a growing affordability gap, the ASIF seeks to create stable and secure housing solutions for low-income families, vulnerable individuals, and key workers. The fund will provide flexible, patient capital to ensure projects are viable and scalable in the long run.

“Access to quality, affordable housing is a fundamental right, yet too many people are struggling to find a safe and secure home,” said Ran Virdi, CEO of the ACIM Social Impact Fund. “This fund is designed to accelerate the delivery of affordable homes by working in partnership with housing providers and ensuring that financial barriers do not hinder progress.”

Sustainable and Community-Focused Development

A key aspect of the fund’s investment strategy is to champion sustainable housing solutions. ASIF-backed developments will incorporate eco-friendly designs, energy-efficient building materials, and renewable energy solutions to reduce the environmental impact of new housing projects.

The fund has already identified several priority projects, including the regeneration of underutilised brownfield sites and the development of modular, high-quality housing that can be delivered at speed and scale.

Investor Backing and Growth Plans

The £120 million investment has been secured from a combination of institutional investors, philanthropic organisations, and pension funds, all of whom are committed to supporting impact-driven housing initiatives.

A Model for the Future

The ASIF is set to establish a replicable model for financing social housing, encouraging further investment in the sector. The fund has ambitious plans to expand beyond its initial £120 million target, with further fundraising rounds anticipated in the coming years.

Housing providers, local authorities, and social enterprises interested in applying for funding are encouraged to register their interest through the fund’s website.