Local authority pension fund investment in affordable housing

Local government pension funds have steadily increased their investment in place-based impact investments, which include both new and refurbished affordable housing. Most of the investment - from build to rent and shared ownership to temporary accommodation and specialist housing - is through co-investment partnerships and special purpose delivery vehicles with investment companies, charities and private and social housing providers.

Some have called for LGPS funds to further scale up investment in alternative assets and invest more in affordable housing. The Government is also calling on the LGPS to increase local investment and the chancellor has stated that the government will consult on requiring LGPS funds to consider illiquid asset investment opportunities.

This Zoom event will discuss what has been achieved and what more could be done to maximise investment opportunities. It will examine recent experience and best practice and explore the constraints and barriers to investing in affordable housing.