6:57 AM, 24th January 2013, About 9 years ago
The House Crowd has now raised over £1 million of crowdfunded investment which has allowed for the revival of 15 properties in some of the North West’s most forgotten communities.
The Manchester-based company is well underway breathing life into the distressed and uninhabitable properties already in its portfolio, purchasing and refurbishing them to a high standard before renting at fair prices to those most in need of housing.
With Britain facing an affordable housing crisis comparable to that of the early post-war years, The House Crowd is doing its fair share to support Communities Minister Don Foster’s campaign to revitalise the estimated 1 million empty homes in Britain.
Frazer Fearnhead, Founder and Managing Director at The House Crowd, comments: “We are absolutely delighted to have reached the £1 million investment mark. Our ‘Caring Capitalism’ approach to property investment is enabling us to have a direct and positive social impact on the communities we purchase within, refurbishing properties which would otherwise form part of Britain’s staggering empty homes statistic.”
Forgotten communities in parts of Oldham, Farnworth and Little Hulton have already benefitted from The House Crowd’s efforts to revive distressed properties, where quality housing has already been provided at fair prices to those most in need.
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