Sandwell Homeless and Resettlement Project (SHARP) has transformed a dilapidated former care home into a modern 19-bed hostel...
People become homeless for a variety of reasons. As well as safe accommodation, they may need mental health support, life-skills training, addiction support, counselling and other services if they’re to get their lives back on track.
Sandwell Homeless and Resettlement Project (SHARP) offers homeless people accommodation and a range of services. The charity has experienced increasing demand for its services over the last few years. So, SHARP bought an old care home and redeveloped it into a 19-bed hostel.
The care home had been vandalised and left to fall into disrepair. SHARP used its own funds for the redevelopment work but applied for a £170,000 loan from Charity Bank to replenish its reserves.
For its residents, the new hostel provides a crucial first step on the ladder to independence. Meals are provided, staff are on hand 24/7, and each individual receives one-to-one tailored support. Once residents are ready to move on SHARP supports them to move into longer term supported accommodation or to progress to fully independent living.
“Owning the building, rather than renting it, gives us greater flexibility and security. We’ve had great feedback about the hostel from our residents. One recently told me how peaceful it is. He said he feels he can just get on with things here and live his life.”Kathryn Brooks, Chair of Sandwell Homeless and Resettlement Project
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 1,100 loans totalling over £350m 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.