Social landlord launches credit union tender
Published by Max Salsbury for 24dash.com in Housing and also in Communities, Finance
Social landlord launches credit union tenderImage: Money via Shutterstock
A social landlord has announced plans to team up with a credit union, in a bid to offer tailored financial support to its tenants and staff.
Genesis Housing Association, which manages 33,000 homes across 88 local authority areas in London and the East of England, is inviting all interested parties to consider applying via the myTenders website.
As part of the tendering process, Genesis says it is particularly on the look-out for "innovative and creative ideas" that will give greater choice to social housing tenants, many of whom may not be able to access mainstream financial products.
Applicants are also being asked to outline a suggested support offer for tenants moving into work who may struggle financially during the transition from out-of-work benefits to wages in the first few months of employment.
Margaret Roffe, Genesis' financial inclusion manager, said: “This is a really exciting opportunity, which aims to offer residents the chance to access low cost affordable credit and support them to start saving.
"It forms a key strand of our wider financial inclusion work, which is particularly vital given the ever-changing economic and social climate. We look forward to receiving expressions of interest and creating a successful and lasting partnership.”