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Rented sector charity fund to top £500,000 by New Year

Charitable foundation set up and funded by TDS has already raised £400,000 and expects to reach half million soon.

The Negotiator

The TDS Charitable Foundation, founded by the Tenancy Deposit Scheme (TDS), says it will have distributed funds of half a million pounds by the end of the year.

The foundation, which was established in 2014 with the aim of raising standards in the private rented sector by funding organisations that help achieve this, says its latest round of funding of £94,054 to ten organisations, takes its total so far to £400,000.

A tenth round of funding closes for nominations next month, which is likely to take its total funding to half a million pounds by the end of this year.

“We’re proud to support the ten initiatives that have received awards,” says Professor Martin Partington, Chairman of The TDS Charitable Foundation (pictured, left).

“The PRS is often difficult to navigate but the projects we’re supporting will go somewhere to make sure that both landlords and tenants across the country know their rights and responsibilities.”

The latest organisations to receive funding include:

Easton and Lawrence Hill Neighbourhood Management
Community Links Bromley
South Hams Citizens Advice Bureau
Father Hudson’s Society
Firvale Community Hub
Living Options Devon
Newcastle City Council (Private Rented Service) 
Avon and Bristol Law Centre (ABLC)  
Ealing Equality Council   

The foundation’s awards seek to advance education about housing rights and obligations and in particular best practice in the management of private rented housing, and to advance conflict resolution through promoting the use of alternative dispute processes.

All of the The TDS Charitable Foundation’s funding comes from The Dispute Service Ltd, one of the three main organisations offering dispute resolution between landlords, agents and tenants over disputed tenancy deposits. Last year it gave £149,179 to the Foundation.

Organisations who would like to apply for the next round of funding have until 4th October.

 

 

 

September 27, 2017

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