Room151 convened a group of Local Government Pension Scheme investors, advisers and fund managers to examine the role that affordable housing can play as part of an LGPS investment portfolio.
Download the Affordable Housing and the LGPS Roundtable Report
In many respects, affordable housing is ideally suited to Local Government Pension Scheme (LGPS) investors. It offers long-term, inflation-linked income for an asset that is in great demand. A competitive financial return is available, while also offering social impact. 
Of course, the devil is in the detail, with questions often asked about how best to access this market, future-proofing the housing stock for net-zero and regulatory requirements and factoring in the risk of non-payment of rent during a cost-of-living crisis.
The debate, which took place at the Gherkin, examined these issues and more. It began with some introductory comments from representatives from the sponsors of the event: Edmond de Rothschild REIM; Gresham House; and PGIM.
Participants
- Elizabeth Carey, independent adviser
- Charles Crowe, managing director, PGIM
- Jill Davys, head of LGPS, Redington
- Adrian D’Enrico, fund manager for affordable housing, Edmond de Rothschild REIM
- Paddy Dowdall, assistant executive director, Greater Manchester Pension Fund
- Peter Findlay, Room151 publisher (chair)
- Ben Fry, managing director of housing, Gresham House
- Christopher Osborne, senior portfolio manager, London CIV
You can read the full coverage of the session here
