From Octavia Hill and Quaker communities, housing has always invested in community development. How can I protect this function?
housing associations and their historyare under fire from across the political spectrum. Appropriate suggestions come that housing associations concentrated unemployment and benefit dependency in their neighborhood, failing to transform the lives of those they support. From left to right, are accused of scheming in the business world, behave like private owners and disconnected from their communities.
A careful examination of these charges has little consideration, housing associations remain committed to disadvantaged communities and try to transform the lives and life chances of local people - despite is invited to adopt a more commercial, increase the value for money of our work and the sweat of our assets.
The audit of the National Housing Federation section concludes that partnerships invest approximately half a billion pounds in the districts each year, two thirds of which come from its own resources. Community investment focuses on employment services and business, education and skills, well-being, poverty and financial exclusion, safety, cohesion and ecology.
associations social housing investment also an indirect impact on local economies fragile. Programs through the development, installation and maintenance, providing local policies and provide employment opportunities
course, housing associations have been involved in social investment since its creation in time experiences and Octavia Hill Quaker pioneer home in Bournville, Birmingham and New Earswick. Housing companies in the 1930s and later, in the 1960s, hosting the importance of greater to provide more than one house, highlighting the role of social housing community.
A round table organized recently by the Institute for Human city, which includes housing for seniors and social organizations of society, has recognized this historical position and presented a series of proposals for the future.
The group is concerned that expanding the role of social investment partnerships often not recognized -. Those working in the sector of the need to promote this work more efficiently objective was agreed that the social history of associations not easily found with the marketing and merchandising of the Housing Act of 1988, is now gathering pace increased.
And it was decided that associations need to develop their own models of social investment, which goes back to its roots to attract philanthropic economic sphere at a time of austerity. This could be replicated in the social housing sector. my own association, which has reinvented itself as a social Trident Investment Group after 50 years of community work, ordered an audit of all social activities to measure the impact of the community and social return on investment. initial audit results illustrate both the narrow and wide impacts. Trident Financial Advisory Center, which helps about 300 clients per year, is able to increase the amount of money circulating in the local economy by £ 1,000,000 recovered by increasing the income of tenants through the evaluation of specific benefits and remove barriers to the use of debt and debt reductions tenants.
John Morris is Executive Director Trident Investment Group office
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