Story Bradford Flower Fund Homes: Providing affordable housing
Find out how a Charity Bank loan was able to help Bradford Flower Fund Homes provide more affordable housing for older people…
Social Need
Many older people in Bradford and surrounding areas struggle to find affordable, safe housing and support. The need for secure, well-maintained homes is critical for older individuals who wish to remain independent yet benefit from a stable and caring community.
Organisation
Bradford Flower Fund Homes is a long-established charity founded in 1957, dedicated to providing low-cost housing for elderly people. The organisation currently manages 191 homes across 11 sites, offering not only accommodation but also an environment that encourages independent living and community spirit.
Loan
Charity Bank supported Bradford Flower Fund Homes with a loan that enabled the development of 16 one-bedroom apartments, 8 two-bedroom bungalows and 2 two-bedroom apartments on a newly acquired site. This loan was instrumental in expanding the charity’s housing provision, increasing their ability to offer safe, affordable homes to older people in the local area.
Impact
The new apartments allow more residents to benefit from secure housing, helping them maintain independence and enjoy life in a welcoming community. The development directly addresses the growing demand for affordable homes among the elderly population in Bradford, and strengthens the charity’s capacity to meet social needs.
“The loan has made it possible for us to welcome even more residents into safe, affordable homes. Our new apartments have given older people in Bradford a fresh start, supporting their independence and creating a caring community. We’re grateful for this opportunity to grow and serve our local area.”
David Tarren, Company Secretary and General Manager, Bradford Flower Fund Homes
About Charity Bank
Charity Bank is the loans and savings bank owned by and committed to supporting the social sector. Since 2002, we have used our savers’ money to make more than 1400 loans totalling over £605m to housing, education, social care, community and other social purpose organisations.
Nothing in this article constitutes an invitation to engage in investment activity nor is it advice or a recommendation and professional advice should be taken before any course of action is pursued.
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