How South Yorkshire Pensions Authority is helping lower income families
Cheyne Impact Real Estate specialises in building high quality housing both for general needs and specialist purposes.
Within its projects, a significant proportion of the homes are made available to lower income and key worker residents at significant discounts and all homes have capped rental increases to offer longer-term certainty for residents.
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Hide AdThe affordable homes are provided on a voluntary basis, above any mandated affordable housing requirement, and without the use of government grant funding. At the same time, the properties are always developed on a ‘tenure blind’ basis so that all tenants enjoy identical levels of specification.
Stuart Fiertz, co-founder of Cheyne Capital and head of responsible investment, said: “We are delighted that the solution we are offering both to tenants and to investors has resonated with...South Yorkshire Pensions Authority as well as with the London Borough of Newham.”
George Graham, the director of South Yorkshire Pensions Authority, added: “As an authority we are committed to place based impact investing and using our power as an investor, we can help and provide more homes in South Yorkshire and across the UK, while making the returns we need to pay our members’ pensions.”