Addressing a housing shortage and preventing homelessness in Europe requires a wide range of solutions within the housing ecosystem.
That’s why, we have initiated a partnership with M&G that aims to introduce a critical component of homelessness prevention and reach more than 250,000 individuals.To achieve our vision, we aim to build an innovative and lasting coalition to bring non-traditional housing and homelessness prevention solutions to the market across Europe, enabling affordable homes to be built that would not otherwise have been.
Our Approach
Habitat for Humanity, with the support of M&G has honed an approach to addressing the risk of homelessness and housing inequality in London and Warsaw, with a pilot currently planned for Edinburgh, that converts empty and unused spaces into supported accommodation for vulnerable communities most at risk of homelessness.
Our aim through this approach is to:
- Convert empty and vacant spaces (which are not of commercial interest to property developers) into decent accommodation for vulnerable communities facing homelessness
- Galvanise investment from the local private sector and other donors to support/catalyse the funding of this conversion
- Use the increasing demand for corporate volunteering from an increasingly socially minded private sector to galvanise this investment. M&G’s leadership here will inspire action from peers
- Work in partnership with local government, local community groups and local charity partners to convert existing, owned, vacant spaces into decent housing for their beneficiaries and citizens
M&G
M&G plc is a leading international savings and investments business, managing money for both individual savers and institutional investors in 28 markets. M&G actively works to help tackle social challenges and support the communities in which they work. Their ambition is to build inclusive and resilient communities through urban regeneration, economic empowerment, and skills and education. Social mobility is their core focus and they want to use community investment and their partnership with Habitat for Humanity to help break down the barriers that prevent people from living the life they want. M&G does this by investing in essential needs for communities to thrive, strengthening social networks and equipping people with the skills, tools and opportunities to be financially secure.
Read moreOur Partnership
Our partnership will helps us pioneer this brand-new approach to homelessness prevention – utilising empty spaces to build future homes for vulnerable groups. Our vision is a partnership which ‘builds thriving communities’, focusing initially on three key markets: London, Edinburgh and Warsaw, and expanding our model across mainland Europe. Each of the projects will provide local opportunities for vulnerable people in these cities to live, learn and thrive. As well as opportunities for partner colleagues to invest their time, energy and skills to support our partnership ambitions.
Homelessness in Europe
Over the past several years, almost every country in Europe has seen a drastic increase in the number of its citizens experiencing homelessness at the same time as a dramatic spike in the cost of housing. Data from individual countries is reported along different metrics and is therefore difficult to compare, nevertheless, it points to a very unsettling overall trend.
At the same time, several cities in mainland Europe have empty and unused spaces that could be re-purposed to support affordable accommodation for vulnerable people. According to a recent report on empty space in London alone, more than 20,000 spaces have been empty for at least six months, and 11,000 for more than two years.