Inclusio is a real estate corporation with social ambitions,
particularly in the residential sphere.
There is an acute need for social housing and waiting lists are constantly growing.
The waiting lists in Flanders stretched to 135,000 applications in 2017.
A year later, in 2018, another 20,000 applications had been added.
And the same happened in the other two of the country’s regions.
This is the context for Inclusio’s model.
How do we operate?
We buy existing buildings or have buildings developed.
We lease these to public institutions, such as social housing agencies,
below the market rate.
This enables social housing agencies to make flats available
to the most vulnerable people in society, people who are on waiting lists
and who need affordable accommodation.
We have an enhanced social objective for a proportion of our real estate.
We are keen to reach the most vulnerable people.
These properties are intended for migrants, the homeless, the disabled.
We have a well-defined strategy:
around 25% of our real estate is intended for them.
The fact that a solid social objective can go hand in hand with sufficient returns
on our activities in the real estate sector is now proven.
Triodos Bank’s impact is important because we do have our own capital,
but this needs to be reinforced with other sources of finance.
The bank has provided us with a credit line for the past 18 months, which will enable us to keep growing
and to continue buying other buildings.
We have shared values and the confidence that Triodos Bank has in us
serves as hard evidence of the credibility of our model.