Aotearoa is facing a spiralling housing crisis as the lack of affordable options drives desperate need for community housing, however funding for these projects remains a major barrier to helping families facing housing insecurities.
Through partnerships with a range of Community Housing Providers, Community Finance activates emergency, transitional, social and affordable housing projects through its impact investment lending platform, a perfect match for Clare’s focus on impact investments designed to generate positive social and environmental change in New Zealand.
Community Finance’s lending platform uses a united approach alongside the government, the building industry, community housing sector and major investors to unlock access to warm, dry homes to improve standards of living and build stronger, more resilient people and communities.
Clare’s investment is already helping make a difference, as part of the Salvation Army Community Bond and CORT social housing projects around Auckland which will deliver 68 new houses. In addition, Clare has proudly signed The Aotearoa Pledge – a bold vision by Community Finance to raise $100 million in 2021 to tackle New Zealand’s housing shortage.
The Sustainable Business Awards has celebrated success in sustainability for the past 19 years, and we are thrilled to see Community Finance chosen as a finalist for the Outstanding Collaboration category in the 2021 Sustainable Business Awards for their creation and collaboration on The Aotearoa Pledge.