We help contribute to thriving communities by investing in the housing stock and supporting local charities.
In addition to investing in communities by providing homes that people want to live in at affordable rents, we look to improve the external façade of the buildings and other outdoor areas. For our tenants, the look and feel of a neighbourhood plays an important role in how they feel about their home and the community they live in. During 2019, we re-invested €6.5 million of rental income across all of our improvement programmes.
If the Mietendeckel remains in force, we will strive to meet our tenants’ expectations and will always meet the requirements of health and safety regulations, whilst balancing our business need to reduce capital expenditure.
PSD takes a strategic approach to its charitable giving which is guided by our Community Investment Policy and focuses on supporting charities where there is a connection with either ‘homelessness’ or ‘families’.
We support a women’s refuge (The Intercultural Initiative) that helps women affected by domestic violence, providing emergency shelter, advice and counselling to the women and their children.
In 2019, our donation helped furnish a new residential unit which is available for women to live in, whilst they rebuild their lives. We also helped fund therapy sessions for children to help them process and cope with their domestic abuse situation, so they too can start to rebuild their lives.
The Property Advisor, our key partner, continued to support two charities in London that work with homeless people or those at risk of becoming homeless. With SHP, they fund an employability programme that helps homeless people to find a job and secure a sustainable income that enables them to afford housing. Funding is given to SPEAR to run an outreach service, helping rough sleepers in the Wandsworth area into accommodation and helping them to address health and wider social care problems.
The Property Advisor’s Charity Champions engage their fellow employees with various charitable fundraising activities and donating clothes to the homeless. Employees are also encouraged to volunteer, receiving one day a year. For the second year running, employees have volunteered with SHP, delivering Christmas presents to homeless people around London.
“It felt very rewarding being one of the PMM volunteers distributing 800 gifts to homeless people in SHP’s hostels around London. You could tell that it was really appreciated and would brighten up someone’s Christmas.”
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