Big Society Capital backs UK housing innovation competition



U.K. National Housing Federation, a nonprofit that advocates for better neighborhood housing, is looking for new ideas for how low-cost public and private housing associations can better respond to community challenges.

The competition is backed with £15 million ($20 million) from Big Society Capital.

Other impact investors are supporting efforts to improve the U.K.’s low-income housing associations, where residents face higher-than-average rates of unemployment and physical and emotional problems.

Bridges Fund Management recently took a majority stake in facility-management company Just Ask.

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