ReSI Capital Management Limited

21-26 Garlick Hill,

London EC4V 2AU

0207 3820900

resi@resicm.com

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+44 (0) 20 3727 1000
resi@fticonsulting.com

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ReSI Housing awarded Investment Partner status by Homes England

March 19, 2020

Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in affordable shared ownership, retirement and Local Authority housing, is pleased to announce that ReSI Housing, its wholly owned For-Profit Registered Provider of Social Housing has been awarded Investment Partner status by Homes England, the U.K. government public body that funds new affordable housing in England.  The new status allows ReSI to access Homes England’s £4.7 billion Shared Ownership and Affordable Homes Programme “SOAHP” 2016-21.

 

ReSI Housing is already an Investment Partner with the Greater London Authority (“GLA”) and, as previously announced, has secured £6 million of government grant to date to support the ongoing delivery of ReSI’s shared ownership portfolio in London.

 

Investment Partner status with Homes England extends ReSI Housing’s ability to access grant funding to include schemes outside of London and bring forward much needed additional Affordable Housing at national level.

 

Both the new Homes England and the GLA programmes provide government grant funding as a capital contribution towards new sub-market rented housing such as shared ownership, affordable rent and social rent.

 

Alex Pilato, CEO of ReSI Capital Management, commented: “Achieving Investment Partner status from Homes England allows ReSI to help them bring forward much needed new affordable housing right across the UK, working with national House Builders in allocating funds efficiently.”

 

 

               

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

 

 

ReSI Capital Management Limited / TradeRisks Limited

Ben Fry

Jonathan Slater

Mark Rogers

Alex Pilato

James Sly

 

+44 (0) 20 7382 0900

 

 

 

Jefferies International Limited

Stuart Klein

Gary Gould

 

+44 (0) 20 7029 8000

 

FTI Consulting                                                                                  

Richard Sunderland                                                           

Claire Turvey

Richard Gotla

 

+44 (0) 20 3727 1000

Email: resi@fticonsulting.com

 

 

 

 

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