I talk to Will Mallard about social housing in the commercial property sector. Will shares insights into the complexities of the sector, including the various categories of social housing and supported housing. He discusses how he got involved in social housing and provides examples of projects he has worked on. The conversation delves into the financial aspects of social housing, including the challenges and opportunities for investors. Will also highlights the importance of understanding the needs of local authorities and care providers when considering social housing projects.
KEY TAKEAWAYS
BEST MOMENTS
"There's approximately 200,000 people currently in supported housing of one form or another. And there's at least another 100,000 in terms of demand."
"One of the top points in this is around temporary accommodation, where there's a statutory obligation for a local authority to provide housing for anyone who presents with a housing need."
"No English local authority has ever defaulted on a long lease residential or supported housing payment. Not once."
"People are holding it for income, or the end owner, and that there's an appeal which is, I suppose, backable by a vision of a mortgage or some other lending product."
VALUABLE RESOURCES
JOIN THE NETWORK
If you want to learn more about investing in Commercial Property why not consider joining the CPI Network? A community of active investors who collaborate, share experiences and empower each other in their Commercial Property endeavours.
Useful Links:
CPI Website - https://commercialpropertyinvestor.co.uk/
Our Sponsors - https://commercialpropertyinvestor.co.uk/podcast-sponsors/