Each month registered users receive free limited access to a number of stories. The UK 's first social-housing orientated Real Estate Investment Trust ( REIT ), Civitas Social Housing , has been oversubscribed by £ 100 m, raising £350m ahead of its planned floatation on the London Stock Exchange . Civitas Social Housing aims to offer dividends of 5% , while the proceeds will be ploughed back into housing stock in Wales and Wales . The Civitas has not been greeted warmly by the industry, which fears tough economic conditions could tie housing providers into 10 to 40-year agreements. Civitas says its plan will offer a "new source of funding".
The UK 's first social-housing orientated Real Estate Investment Trust ( REIT ), Civitas Social Housing , has been oversubscribed by £ 100 m, raising £350m ahead of its planned floatation on the London Stock Exchange . Civitas Social Housing aims to offer dividends of 5% , while the proceeds will be ploughed back into housing stock in Wales and Wales . The Civitas has not been greeted warmly by the industry, which fears tough economic conditions could tie housing providers into 10 to 40-year agreements. Civitas says its plan will offer a "new source of funding".