Tenant donations of over £500,000 have been passed to homelessness charity St Mungo’s.
The donations arise from deposit interest whilst tenants’ rental deposits are safeguarded by the Deposit Protection Service.
At the end of the tenancy, tenants may choose to donate the interest to St Mungo’s.
Matt Trevett, managing director at The DPS, says: “The vital work St Mungo’s undertakes, supporting people to recover from homelessness and advocating for change, is why we chose to support them. The donation is only possible due to the generosity of tenants that have chosen to support the initiative and the significant volume of deposits managed and maintained by The DPS.”
Laura Herring, director of fundraising and communications at St Mungo’s, adds: “We are incredibly grateful to The DPS for choosing to support St Mungo’s. The donation of an incredible £500,000-plus through this partnership will go a long way to helping those in significant housing need.
“With a record number of people experiencing homelessness, we look forward to continuing to work together to support people without somewhere safe, warm and stable to stay and help them rebuild their lives.”
The charity says it’s supported almost 25,000 people experiencing or at risk of homelessness in 2024.
This article is taken from Landlord Today