hact Report
hact report praises LRS Home Improvement Scheme
In 2003, the Housing Association's Charitable Trust (hact) launched its Older People's Programme, designed to investigate the housing problems faced by older people, in particular those who had been marginalised in service provision, belong to minority groups such as BAME, are refugees or whose lives are further complicated by physical and mental health needs.
In total, hact gave £1 million in grants to 19 projects across the UK that were attempting to provide and test a range of practical solutions to the various problems that emerged.
In July 2007, hact published its evaluation report, 'Adding More Than Value', which focuses on two hact-funded CDFIs - London Rebuilding Society
and Wessex Reinvestment Trust - each of which came up with an equity-based solution. Each scheme is described and analysed in some detail, and
especially useful are the Insights at the end of the report, aimed at
central and local government, funders and other third sector organisations.
One of its hact's main recommendations is that:
"Community development finance institutions, home improvement agencies and
local authorities should adopt the equity swap model developed by London
Rebuilding Society."
hact's report can be downloaded online from
www.hact.org.uk/uploads/Adding_more_than_value.pdf