£30m investment into Gloucestershire homelessness property fund
Gloucestershire Pension Fund (GPF) has invested £30m into a homelessness property fund to buy 90 homes to house individuals and families who are currently living in unsuitable temporary accommodation.
The money has gone into a fund managed by social impact investor Resonance. £20m of this investment will be invested directly into immediately buying and refurbishing around 90 properties in Gloucestershire, helping the region cut the number of households in unsuitable temporary accommodation.
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