Properties in some of the North West’s most forgotten communities have been revived thanks to a £1 million crowdfunded investment raised by The House Crowd.
The Manchester-based company launched in early 2012 as the UK’s original crowdfunded property investment company which purchases and refurbished properties, renting them 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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