For the vulnerable and those on low incomes, the failure of the housing system is widespread, with the social and economic inequalities perpetuated by the private rented sector being particularly acute. Poverty among renters has doubled in the last decade, leaving millions trapped in insecure, expensive housing. In addition to a shortage of supply, issues with regulation, affordability, access, quality and security pervade this dysfunctional market. As rents continue to rise, the need for change – especially in high-cost areas – is urgent.

There are many innovations in our communities that are tackling the issues presented by a challenging Private Rented Sector including social lettings agencies, homeshare schemes and ventures working to improve specific barriers like credit histories or large deposits, but we need many more.

The Young Foundation believes that innovation can play a significant role in improving the experiences of tenants in the private rented sector.  We have been inspired by initiatives like Dot Dot Dot and Homes for Good in Scotland to launch Reimagining Rent; a unique new programme working with innovative initiatives that are tackling many of the challenges presented by the Private Rented Sector, funded by the Nationwide Foundation.

Reimagining Rent will support these innovations to make this sector work better for vulnerable people and those on low incomes. It will strengthen the innovations’ models, demonstrate their social impact and grow their potential to scale. We will also build alliances and networks with housing stakeholders to increase attention on housing innovation and attract investment so that ultimately more people have access to safe, secure and affordable homes.

Reimagining Rent launches in London in autumn 2017 and will be delivered in other areas of the UK in subsequent years. Applications are now closed, however, if you have any questions or would like to know more about the programme please contact the team on innovate@youngfoundation.org  

The Young Foundation’s Reimagining Rent programme is being funded by the Nationwide Foundation, a charitable funder aiming to increase the availability of decent affordable homes for people in housing need.

 

 

Outputs

Living in Fear – Experiences of Older Private Renters in London

Posts

With the recent launch of our latest social innovation support programme, Reimagining Rent, supporting innovations worki ... → Read More

Innovating to Join the Dots on housing solutions

Posts

In the first of a series of blogs about inspirational innovations that are disrupting the private rented sector we spotl ... → Read More

A Review of the Private Rented Sector in England: Vulnerability and Innovation

Publication

We are currently experiencing a major crisis in our housing system. England has the oldest housing stock in Europe as we ... → Read More

Unlocking Innovation in the Private Rented Sector

Event

Join us to find out how our new programme, Reimagining Rent, will be backing innovative projects that want to grow th ... → Read More