project snapshot

Dolphin Living
Purchase of housing for social rent

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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CAF Bank loans are non-regulated products.

Loan applications subject to credit assessment. Security will be required.

Charity assets may be at risk if you do not keep up with the repayments for a mortgage, loan or any other debt secured on them.

If you're thinking of consolidating existing borrowing, you should be aware that you may be extending the term of the debt and increasing the total amount you pay.

CAF Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 204451).

CAF Bank Limited Registered office is 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ. Registered in England and Wales under number 1837656.