The Ethical Housing Company
The Ethical Housing Company (EHC), is a Redcar based company, whose sole purpose is to provide homes for people in housing need across the Teesside private rental market. Its' unique business model combines financial and social outcomes and has attracted £12.5 million of social and institutional invesment since the company launched in 2018 (in partnership with Bridges, see below). EHC sits in the growing world of 'impact investment', and after proving it's model on Teesside, is now also influencing and leading the creation of a 'new national housing sector' to tackle the pressing societal challenge of housing need.
EHC buys properties in the Tees Valley area from home owners and landlords, ideally off market, and charges no fees. So, please get in touch if you have property to sell!
The Ethical Lettings Agency
The Ethical Lettings Agency (TELA) is a Community Interest Company that lets and manages residential properties in the Redcar, Cleveland and wider Teesside area. It provides a range of expert services based on professional housing practice that delivers tangible results for landlords, and tenants! TELA strives to raise standards in the lettings industry to reflect the changing needs of customers and communities. TELA manages all EHC properties to ensure social and operational outcomes are delivered.
Bridges Fund Management
Bridges Fund Management (formerly Bridges Ventures) is a specialist fund manager focused exclusively on sustainable and impact investment, with offices in London, New York and San Francisco. Since 2002, the firm has raised over £900m to invest in SMEs, properties and social sector organisations that are helping to tackle some of society’s biggest challenges, with a focus on four themes: health and wellbeing, education and skills, sustainable living and underserved markets.
Bridges Evergreen Holdings
Bridges Evergreen Holdings is part of the Bridges group and it is the fund manager for EHC. Together, we have raised £12.5 million since our launch in 2018, with an ambitious growth plan to acquire in the region of 1000 properties over the next ten years.
Bridges Evergreen is a new kind of investment vehicle, designed to free ambitious mission-led organisations from the constraints of traditional fund structures.
It looks to back profit-with-purpose companies, public sector spin-outs, social sector organisations and employee-owned businesses.
It is structured as a holding company rather than a fund, so it can provide ongoing support over the long term, with no exit requirement
In addition to financial capital, it also offers strategic, operational and impact management support plus access to the specialist networks of the Bridges team.
© 2018 Ethical Housing Compnay