The Ethical Housing Company celebrates first year

Carla Keegans of the Ethical Lettings Agency in Redcar. Pic by Doug Moody.

The Ethical Housing Company (EHC) is calling on those wishing to sell property across Redcar and Cleveland, Middlesbrough and Stockton to get in touch as the company celebrates its first year in business.

A unique property company with a social mission to provide decent and affordable homes for rent to people in need in the local community, EHC is continuing to build its property portfolio across Teesside.

It is backed by social investment from Bridges, one of the UK’s oldest and largest dedicated impact investment firms, through a permanent capital vehicle called Evergreen.

Scott Greenhalgh, executive chairman of Bridges Evergreen, said: “We are delighted with the performance of The Ethical Housing Company. Its robust financial model in conjunction with operational support from The Ethical Lettings Agency (TELA) is helping to provide much-needed housing for people on low incomes or facing homelessness in Teesside.

“We are excited for future growth and increasing the social impact the company can have. We hope to build an exemplar for the rest of the country.”

EHC can buy properties from home owners or landlords, empty or tenanted, single or in multiples and has a quick, transparent and free process for purchasing.

Carla Keegans, director of EHC and TELA, said: “The housing market in Teesside continues to be challenging, with house prices and growth indicators ranking poorly compared to the rest of the UK.

“Landlords face the added pressures of national reforms affecting them, often making rental properties financially inefficient today or into the near future, making many decide to sell.

“We aim to offer fair prices for properties that are suitable for us. In doing so, we are providing a local solution for people selling, helping to protect property values in our local sub-housing markets and, of course, providing a positive housing option for local people, many of whom struggle to afford housing elsewhere.”

EHC and TELA are tackling the housing problems head on by providing muchneeded and affordable rented housing.

If you or your clients have property to sell, contact Carla Keegans on 01642 484845 or carla.keegans@ethicallettingsagency.co.uk

 

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