The Ethical Housing Company - a pioneering impact investment company

 

Carla Keegans, The Ethical Housing Company - a pioneering impact investment company

About the seminar

This seminar will examine The Ethical Housing Company (EHC), a Teesside based company, whose sole purpose is to provide homes for people in housing need across the Teesside private rental market. It's responsible business model combines financial and social outcomes, and has attracted £12.5 million of social and institutional invesment since the company launched in 2018.

EHC sits in the growing world of 'impact investment', and after proving it's model on Teesside, is now also influencing and leading the creation of a 'new national housing sector' to tackle the pressing societal challenge of housing need that is no longer being met by the State. EHC, along with it's sister organisation The Ethical Lettings Agency C.I.C. (TELA), were founded and are ran by Carla Keegans, a housing professional and Northumbria alumni.  

About the speaker

Carla Keegans is the founder of The Ethical Lettings Agency (TELA) C.I.C. and The Ethical Housing Company (EHC). Together, these social mission-led businesses help people in housing need, including those facing homelessness, access decent and affordable homes in the Teesside private rental market. Teesside has the most multiply deprived areas in the country.

ELA was established in 2015 to prove the model managing private landlord properties and EHC was then established in 2018 with £5m of social investment via Bridges Evergreen Holdings Ltd. EHC purchases properties and transfers them to TELA to let and manage. Most recently, EHC has secured a further £7.5m from the Teesside Pension Fund and Big Society Capital to help fund future growth.Carla returned home to Redcar to establish TELA after a career in the UK social housing sector where she held senior officer and non-executive positions in housing associations and local authorities in the North East and London.

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