Homes for Good, Scotland’s first social enterprise lettings agency, has partnered with a credit union to borrow a £2.4m corporate loan to purchase up to 35 homes to let to families. 

Homes for Good, founded by Susan Aktemel, has raised over £23m to date, to deliver over 340 homes to people often squeezed out of the traditional private rental sector or unable to access social housing.

Aktamel says: “Securing the loan with Glasgow Credit Union marks a step forward in our vision to provide high quality properties in Glasgow for people on lower incomes who would otherwise struggle to access homes.

“Our purpose is to create safe, affordable, beautiful homes for people who need them. Home is the foundation for all our lives, and everyone deserves a home they love and where they can build their life.

“We have created a business model that combines financial return with strong social impact, something I’m incredibly proud of. Glasgow Credit Union is the perfect partner, reflecting our shared values and a commitment to social inclusion.”  

Glasgow Credit Union says it has a long-standing commitment to financial inclusivity and supporting organisations that create meaningful impact. With over 63,000 members and a legacy of providing £790m in unsecured loans and mortgages, the credit union claims to champion  community-focused initiatives.