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Housing Associations
In Ireland and the United Kingdom, housing associations are private, non-profit making organisations that provide low-cost "social housing" for people in need of a home. Any budget surplus is used to maintain existing housing and to help finance new homes and it cannot be used for personal benefit of directors or shareholders. Although independent, they are regulated by the state and commonly receive public funding. They are now the United Kingdom's major providers of new housing for rent, while many also run shared ownership schemes to help those who cannot afford to buy a home outright. Housing associations provide a wide range of housing, some managing large estates of housing for families, while the smallest may perhaps manage a single scheme of housing for older people. Much of the supported accommodation in the UK is also provided by housing associations, with specialist projects for people with mental health issues or learning disabilities, with substance misuse probl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing Association Development, St John's Rd - Geograph
Housing, or more generally, living spaces, refers to the construction and assigned usage of houses or buildings individually or collectively, for the purpose of shelter. Housing ensures that members of society have a place to live, whether it is a home or some other kind of dwelling, lodging or shelter. Many governments have one or more housing authorities, sometimes also called a housing ministry or housing department. Housing in many different areas consists of public, social and private housing. In the United States, it was not until the 19th and 20th century that there was a lot more government involvement in housing. It was mainly aimed at helping those who were poor in the community. Public housing provides help and assistance to those who are poor and mainly low-income earners. A study report shows that there are many individuals living in public housing. There are over 1.2 million families or households. These types of housing were built mainly to provide peo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philanthropy
Philanthropy is a form of altruism that consists of "private initiatives, for the public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material gain; and with government endeavors, which are public initiatives for public good, notably focusing on provision of public services. A person who practices philanthropy is a philanthropist. Etymology The word ''philanthropy'' comes , from ''phil''- "love, fond of" and ''anthrōpos'' "humankind, mankind". In the second century AD, Plutarch used the Greek concept of ''philanthrôpía'' to describe superior human beings. During the Middle Ages, ''philanthrôpía'' was superseded in Europe by the Christian virtue of ''charity'' (Latin: ''caritas''); selfless love, valued for salvation and escape from purgatory. Thomas Aquinas held that "the habit of charity extends not only to the love of God, but also to the love of our neighbor". Phila ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Civitas Social Housing
Civitas Social Housing () is a large British investment trust dedicated to investments in existing portfolios of built social homes in England and Wales. Established in 2016, the company is listed on the London Stock Exchange. The Chairman is Michael Wrobel. It is the largest social housing real estate investment trust, working with 15 housing associations. The Regulator of Social Housing has challenged the business model of some of its providers where rent income from housing benefit Housing Benefit is a means-tested social security benefit in the United Kingdom that is intended to help meet housing costs for rented accommodation. It is the second biggest item in the Department for Work and Pensions' budget after the state ... payments is less than lease expenditure. In October 2021, the company promised proper disclosure about property transactions after criticism that it had failed to adequately disclose the fact that its fund managers were significant shareholders i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Estate Investment Trust
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate. Most countries' laws on REITs entitle a real estate company to pay less in corporation tax and capital gains tax. REITs have been criticised as enabling speculation on housing, and reducing housing affordability, without increasing finance for building. REITs can be publicly traded on major exchanges, publicly registered but non-listed, or private. The two main types of REITs are equity REITs and mortgage REITs (mREITs). In November 2014, equity REITs were recognized as a distinct asset class in the Global Industry Classification Standard by S&P Dow Jones Indices and MSCI. The key statistics to examine the financial position and operation of a REIT inc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Guinness Partnership The Guinness Partnership is one of the largest providers of affordable housing and care in England. Founded as a charitable trust in 1890, it is now a Community Benefit Society with eight members. Bloomberg classify it as a real estate owner and developer. , the Partnership owns and manages around 66,000 homes with a historic cost value of £3.7 billion, and provides services to more than 140,000 people. It had financial reserves of £723 million. History The Guinness Trust was founded in 1890 by Edward Guinness, 1st Earl of Iveagh, a great-grandson of the founder of the Guinness Brewery, to help homeless people in London and Dublin. He donated £200,000 to set up the Guinness Trust in London, the equivalent of £25 million in today's money. At the beginning of the 20th century, the Iveagh Trust based in Dublin took responsibility for Ireland. The Guinness Trust extended its objectives outside London in 1962, eventually operating in all parts of England. It was not related to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
