Increasing the availability of social housing

Senior members of the Civitas team have, over many years, been responsible for delivering and operating some of the largest portfolios of social housing in England and Wales.

This first-hand experience, together with our investing track-record of completing more than 120 Civitas transactions informs how we are able to acquire both existing portfolios of social homes and newly delivered social homes.

In meeting our objective to increase the availability of social homes we are proud that today more than 200 of the properties within the Civitas portfolio were new to the social housing sector at the point of acquisition by Civitas.

This represents 38% of the total portfolio.

Improving the quality of social housing

Properties acquired by Civitas are subject to a detailed, rigorous eight step approach to due diligence.

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This process seeks to ensure that our properties meet the five key criteria that are required for long term sustainability of rental income and future proofing for quality living.

The five key criteria are:

  • Delivery of mid-to-high level acuity care in the properties

  • Properties supported by local authority commissioners

  • Rents set at a median sustainable level

  • Properties well located in community settings

  • Quality and appropriate adaptations to suit tenants' needs

Offering value for money for the public purse

Value for money is represented both by actual cash savings and by an increase in tenant well-being.

In 2017 the then Local Government Minister stated that “The net benefit of providing supported housing to the wider public purse was estimated to be £3.5 billion per year”.

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The Civitas portfolio (see Social Impact Analysis and Results) has been independently assessed for its Social Impact, Economic Benefits and Fiscal Savings.

The findings show that alongside the annual rent roll that the portfolio generates it also provided a total social value of £114 million per year, including £59 million of direct savings to the tax payer.