Positive social impact of Civitas Social Housing

RNS Number : 9514S

Civitas Social Housing PLC

06 October 2017

 

CIVITAS SOCIAL HOUSING PLC

("Civitas" or the "Company")

Independent report on the positive social impact of Civitas Social Housing PLC

London, 6^th October 2017: An independent report, published today by social advisory firm The Good Economy, examined the social impact of Civitas' work during the nine-month period between December 2016 and September 2017.

It found:

·     Civitas has committed £284m to 19 investments with 10 registered providers, comprising 282 properties

·     Civitas has worked with 45 care providers to ensure the high quality provision of care for up to 1,820 people

·     25% of Civitas' purchased properties have been successfully brought into the social sector creating low-rent homes for 341 people

·     71% of purchased properties are in the 40% most deprived local authorities

In the report, The Good Economy concluded:

"Civitas is committed to delivering the best quality housing and care to residents. It always takes a long-term view of the investment and only invests in properties that are intended to remain as social homes for residents with a significant proportion of investments being made in areas of high deprivation."

Paul Bridge, Chief Executive of Civitas Housing Advisors, said:

"We are very pleased to have worked with The Good Economy to publish the first of what will be regular independent Social Impact Reports, covering the investment activities of Civitas and the additional activities in support of charitable organisations such as the national homelessness charity Crisis."

A full copy of The Good Economy's Civitas Social Housing PLC Social Impact Report 2017 can be downloaded at: www.civitassocialhousing.com 

About Civitas

Civitas was admitted to the London Stock Exchange in November 2016 in a £350 million offering, with the aim of raising private capital to invest in social homes across England and Wales.

The REIT provides long-term income to its shareholders while putting their capital to work for social benefit, increasing the provision of high-quality social housing to improve the quality of life of low-income and vulnerable people in social need.

ENDS

Civitas Housing Advisors Limited

Paul Bridge          Tel: [phone]

Andrew Dawber    Tel: [phone]

Pagefield- Financial PR

David Leslie/ Philip Dennis

Email: [e-mail]

Telephone: [phone]

See media -  Social Housing PR

Stuart Macdonald

Email: [e-mail]

 

END

 

 

NRAUGGQGUUPMGUQ