Supported housing project accepts final resident following CAF Bank loan

10 May 2017

The London based Field Lane charity has allocated all the places at its new supported housing project.

Funded by a loan from CAF Bank, the charity has developed a property in Redhill to provide high-quality, en-suite accommodation for six people with learning disabilities.

The project allows residents to live independently within a safe, supported environment in which they can make their own choices about their daily lives while living in the community.  The need for this type of supported housing was specified by the local authority in discussions with Field Lane.  The charity approached CAF Bank for guidance and help with finance and the property was purchased in 2015 with the first occupants taking up residence in late 2016.

During the summer of 2016 with further assistance from CAF Bank the charity purchased another house in Betchworth near Dorking.  After refurbishment the property will be home to another five people with learning disabilities and complex needs with the first residents expected to move in during June 2017.

CAF Bank exists purely for charitable purposes and provides secured loans, banking and deposit account services for UK registered charities and not-for-profit organisations.  It is owned and operated by the Charities Aid Foundation (CAF), one of the largest charitable foundations in Europe and amongst the largest providers of philanthropic services to charities, donors and companies worldwide.

Peter Calderbank, Chief Executive of Field Lane, said:

“It has been a great pleasure to complete the Redhill project and allocate all the available places to our new residents.

“We have worked with CAF Bank on other housing developments and we have been consistently impressed by their professional support.  Once the finance was in place we knew we had the opportunity to create something rather special.

“Our residents now view this project very much as their home and it is a delight to see how much they have developed since moving into the house.”

Sean Taylor, Client Relations Manager for Charities at CAF Bank said:

“I am very pleased CAF Bank was able to support Field Lane in the development of this project.

“We were able to offer professional guidance from the start and provide a competitive loan to Field Lane to finance the development.  As a charity ourselves, we understood the financial model, aims and objectives of the project and it is hugely satisfying to see the final occupant take up residence.”

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