End Youth Homelessness and Yorkshire Building Society Rent Deposit Scheme

End Youth Homelessness

 

110,000 young people asked local councils for help last year because they faced homelessness. End Youth Homelessness (EYH) is a national movement of local charities that have joined forces to solve the UK youth homelessness crisis. EYH teamed up with Yorkshire Building Society (YBS) to fulfill a shared priority to provide a solution to this problem and help vulnerable young people into a place to call home.

The partnership sought to raise £780,000 to help 700 homeless 16-25 year-olds in to their own homes. It created a national Rent Deposit Scheme, which provides rental deposit guarantees and home essential grants alongside dedicated support to help young people enter and sustain tenancies. To date, more than £1m has been raised and 440 young people have been housed along with 95 dependent children.

To fulfill shared priorities on financial literacy, YBS adapted its in-schools Money Minds programme for homeless young people. To challenge stigmas around homelessness, YBS ran external marketing campaigns and internal e-learning modules. To influence the sector, EYH and YBS worked together to change YBS buy-to-let mortgage terms to offer tenancies to renters on benefits and to create a Rental Affordability Index, comparing regional data on housing costs and wages.

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