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SASC invests GBP2.15m in Rochdale-based charity WHAG

WHAG, a provider of housing and support services to homeless women, and men and women experiencing and fleeing domestic abuse, has received its first social investment loan of GBP2.15 million from Social and Sustainable Capital (SASC).

WHAG was set up as Rochdale Women’s Housing Aid Group in 1981, to provide affordable supported accommodation to homeless women aged 16-65. It was the first organisation in Rochdale to support this group of people. Over time their work has expanded to include domestic abuse services for women and men and support for Young Parents.
The loan from SASC’s Social and Sustainable Housing (SASH) fund will be used to purchase 17 one, two and three bedroom flats and houses in the four areas they operate, to provide short-term accommodation for up to 17 clients, and their families.  WHAG currently manages a property portfolio of 63 units, of which one is owned and the rest rented from registered providers or private landlords. With the properties financed by the SASH loan they expect to increase their portfolio to 80 units by March 2023.

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