Case study

Affordable homes for people in need

Dolphin Living is a not-for-profit housing association and delivery arm of the Dolphin Square Charitable Foundation.

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Project snapshot

Why

Providing affordable homes for people in acute housing need

The cause

Dolphin Living is a not-for-profit housing association and delivery arm of the Dolphin Square Charitable Foundation. Their shared charitable goal is to support Londoners on modest incomes who are unable to afford to live near their workplace.

As well as providing homes at below market rent levels, Dolphin Living offers homes at social and affordable rents to those who are homeless or at risk of becoming homeless.

Our support

By investing in a portfolio of projects, this Registered Provider aims to generate a sufficient financial surplus to enable the continued development of affordable housing in central London.

Dolphin Living approached CAF Bank for a £5 million secured loan, to help grow its property portfolio and provide 20 new homes at sub-market rents.

As you would expect, the organisation benchmarked CAF Bank’s proposal against those of other lenders, to ensure our loan rates, fees and terms were competitive. Just as important to Dolphin Living was to team up with a lending partner who understood their goals and business model, and shared similar values to their own.

With CAF Bank’s focus on supporting organisations with a social purpose, Dolphin Living felt that we were a natural fit.

We were reassured by the alignment of interests that CAF Bank wants us to achieve our charitable objectives

Olivia Harris
Dolphin Living

The impact

This development is now providing homes for vulnerable people who are either homeless, have learning difficulties or who are unemployed and are being supported to start their own business. By living in Westminster, tenants stay closer to their place of work, to friends and family, and continue to have access to valued community services.

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