My name is Paolo Casamassima and I am the Founder of a Social Impact fund called Bighous. We are aiming to build a fund focused on redeveloping abandoned buildings across the UK, to let them to charities helping people recovering from addictions, former prisoners, victims of family abuse, asylum seekers, etc. One of the challenges we face is finding the right balance of yield. In other words, investors expect a higher return in real estate (often above 8% APR) and charities expect to rent properties at a discount to current market rate. This squeezes operating margins making the work of the social housing provider challenging. Is there a compromise where lenders can reduce their expected yields and charities can improve the rental payments, allowing social housing fund to deliver more and better housing?

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