#Japan #Nagoya #affordable housing #Single Parents #Impact Fund

Introduction to the Initiative

Japan is witnessing a significant social change with the formation of an unprecedented impact fund aimed at assisting single-parent households in securing affordable housing. Resona Group’s Resona Real Estate Investment Advisors, led by CEO Shuhei Fukuda, and LivEQuality Ooya, under Takuya Okamoto's leadership, have jointly announced the establishment of this fund. It is expected to acquire and manage a residential property in Nagoya with an estimated asset scale of 1 billion yen by late October 2025.

Challenges Faced by Single-Parent Families

In recent years, rising rents and decreasing availability of public housing have made it increasingly difficult for single-parent families, particularly those affected by domestic violence or divorce, to find affordable housing in urban areas. The lack of stable housing not only impacts their quality of life but also hinders their ability to achieve economic independence. The initiative aims to bridge this gap and provide much-needed support for these families.

Objectives of the Impact Fund

The newly formed impact fund is a pioneer initiative in Japan, uniquely combining affordable housing solutions with economic autonomy support for single parents. By collaborating with LivEQuality Group, which specializes in housing management for low-income families, the fund seeks to deliver a holistic approach to addressing living conditions for single-parent households. This initiative is aligned with the broader goal of fostering a sustainable society.

Housing and Support Services for Single Parents

This impact fund will not only offer city-center housing at lower-than-market rents, ensuring that single parents have access to comfortable accommodations close to their workplaces, but it will also provide essential support for economic independence. After moving in, families will have access to services provided by the LivEQuality HUB, which includes career and life consultations as well as referrals to additional support organizations.

Regular Reporting and Transparency

One key aspect of the fund's operation will involve transparent tracking of its social impact. Regular reports will be generated for institutional investors outlining the number of single-parent households accommodated and the number that have achieved economic independence. This focus will ensure that the fund is not only aiming for financial returns but is also committed to realizing meaningful social returns through the support of single parents in their housing challenges.

Overview and Future Plans

Fund Name

(Provisionally) Affordable Housing Fund

Property Location

Nagoya City, Aichi Prefecture

Asset Scale

Approximately 1 billion yen

Asset Management Companies

• - Asset Manager: Resona Real Estate Investment Advisors
• - Sub-Asset Manager: LivEQuality Ooya

Operation Method

The targeted properties will be managed through a combination of general housing and affordable housing aimed at single-parent households. The fund aims for a model where 75% of the units are general housing and 25% are designated for single parents.

Considerations for Operation

The allocation of 75% general housing and 25% affordable housing for single parents is a guideline that considers the specifics of both the properties and the areas they are located in.

Support for Economic Autonomy

Support for single-parent households will be facilitated through services offered by the accredited NPO LivEQuality HUB.

Public Disclosure of Social Impact

The fund will regularly report to its investors on the social impacts achieved, including numbers of households accommodated and paths to economic independence.

Communication with Stakeholders

For any inquiries regarding this initiative, you can reach out via email at [email protected] or by phone at 052-387-8177. More information is available on their website at LiveQuality.