HLIF is a social impact fund dedicated to fighting homelessness in the United Kingdom through its investment in high quality assets to accommodate the homeless, aiming to combat the severe shortage in suitable accommodation for the homeless.
Each property acquired by HLIF is let to a charity, mutual benefit society, community interest company, other entity which is regulated for its charitable status, or a registered housing association or specialist provider of social housing and receive funding from central and local government. As investment manager to HLIF, we insure that HLIF invests carefully and selectively and only transacts where an asset has strong local authority support and is of appropriate quality in order to protect the underlying occupants, the security of the income and the residual value of the property. An additional feature in property selection is ensuring that the property will be operated by a specialist charity and/or care provider. Such operators are encouraged to have a strong focus on providing training and rehabilitation to occupants in order to equip them with the necessary skills and confidence to find future long-term accommodation and employment.
The sustainable characteristics of properties are evaluated as part of HLIF's pre-acquisition due diligence, with any risks to future financial performance being identified and opportunities to create additional value or improve environmental performance being explored. We also endeavour to assess the impact of new property acquisitions on HLIF's overall environmental performance. We will not ordinarily consider the acquisition of buildings that fall short of HLIF's minimum standards unless we are able to demonstrate that affordable improvements to promote energy efficiency and other environmental considerations can be made. Where making a forward commitment to acquire new developments, we aim to use HLIF's influence to encourage the developer and its contractors to consider sustainability-related issues in the design, construction and commissioning of buildings. As investment manager to HLIF, we expect the environmental performance of new developments to exceed the minimum standards required by building regulations and planning policy.