The Young Foundation

Funding: £238,142 over 30 months. Funding approved in 2017.

What is being funded: A supported programme working with innovative initiatives that are tackling the problems of affordability and decency in the private rented sector.

Why we are funding this project: To support the development and scaling up of affordable private rented sector housing innovations.

Strategic purpose: More ideas exist on how to protect and increase the supply of decent, affordable homes.

Project summary: The Young Foundation believes that innovation can play a significant role in improving the experiences of tenants in the private rented sector. Using funding from the Nationwide Foundation, it has launched Reimaging Rent; a unique new programme working with innovative initiatives that are tackling the problems of affordability and decency in the private rented sector.

Reimagining Rent will support these innovations to make the private rented sector work better for vulnerable people and those on low incomes. It will strengthen the innovations' models, demonstrate their social impact and grow their potential to scale. Organisations will each receive a tailored package of mentoring, financial coaching, workshops and access to potential investors and funders.

The Young Foundation will also build alliances and networks with housing stakeholders to increase attention on housing innovation and attract investment, so that ultimately more people have access to safe, secure and affordable homes.

The Young Foundation

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