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Case study

Case study

In 2020 Seneca Social Housing acquired 100 residential houses to meet the specific requirement of a UK charity that was looking to lease a portfolio of well-located properties in order to provide housing to vulnerable adults in the North of England. In addition to acquiring the properties, Seneca Social Housing invested an average of £20,000 of additional capital expenditure in to each property to ensure that it was safe, secure and provided a high standard of accommodation to each resident. Once refurbished, the properties were leased on at a very affordable rent for a period of 25 years in order to guarantee sustainable, long-term housing for the charity.