New grantmaker for private rented sector
Howard Lake | 7 January 2014 | News
The Tenancy Deposit Scheme (TDS) has created a charity which will provide funding for training, education and projects to promote best practice in the private rented sector.
The TDS Charitable Foundation has been registered as a Charitable Incorporated Organisation with the Charity Commission. Most of its income will come from from unclaimed deposit monies paid to tenants but never cashed, “even after strenuous efforts to track down the tenants”.
The TDS is a government approved provider of tenancy deposit protection and alternative dispute resolution in England and Wales.
Steve Harriott, Chief Executive of TDS said:
“The TDS Charitable Foundation is the next step in our long term commitment to helping raise standards in the private rented sector. Industry practices are coming under close scrutiny at the moment, but training and accreditation remain entirely voluntary in the lettings industry.
“Letting property unprepared leaves everyone open to risk and we hope the TDS Charitable Foundation will help make support more accessible for landlords, letting agents and tenants, and provide valuable resources for providers of training and education.”
The TDS Charitable Foundation is a registered charity and will begin accepting applications for funding from April 2014.
Photo: Red house key by Oleksiy Mark on Shutterstock.com
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About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.