An LGBTQ+ ‘first’ for housing

After four years of dedicated hard work to reach this goal, we unintentionally had the perfect celebration lined up.

Tonic secured a £5.7 million loan in the spring of 2021, from the Mayor of London, to enable the purchase of 19 apartments at Bankhouse, a riverside extra-care retirement scheme in Vauxhall, south London. 

Sales of one- and two-bedroom shared-ownership homes began in summer 2021 and affordable rentals were launched in autumn 2024.

We are now fully occupied at Tonic@Bankhouse, with 17 shared-ownership apartments sold, enabling us to pay back the Greater London Authority loan in full. The remaining two homes have been let to older LGBTQ+ people experiencing homelessness. 

Originally provided through a partnership with housing association Riverside, these tenancies are now held directly by Tonic – a UK first for an LGBTQ+ housing provider and a sign of what’s to come.

Tonic has created a unique offering of housing with care that celebrates LGBTQ+ identities, with the community at the very heart of their homes, so no-one else has to go back in the closet as they get older. 

We co-create events and activities with residents based on their interests, including collaborations with other LGBTQ+ organisations and support providers. 

We offer accommodation and safe social spaces where older LGBTQ+ people are supported, gain life-affirming social connections and access culturally appropriate services. 

We are driven by the demand of older LGBTQ+ people for better choices in housing, support and care, recognising that ‘a one-size-fits-all’ approach does not meet the needs of diverse communities.

As a registered provider, Tonic can now expand its impact by directly delivering social and affordable homes, and accessing new development, investment and partnership opportunities. 

This status is a springboard for growth, enabling Tonic to meet the urgent and growing demand for housing that affirms and supports older LGBTQ+ people across the UK, especially those from intersectional marginalised backgrounds. 

Tonic’s expansion comes at a critical moment.

Our ‘Precarious lives’ report, published last year, revealed the severe financial hardship, isolation and health inequalities facing older LGBTQ+ people in London – challenging the myth of the ‘affluent gay retiree’. With high rates of poverty, disability and limited support networks, the need for LGBTQ+ affirming, affordable housing is clear. 

Becoming a registered provider enables Tonic to meet this need at scale, delivering homes that offer not just safety, but dignity and belonging.

Our vision is bold: a future where LGBTQ+ affirming housing is no longer the exception, but a normal part of communities across the country.

  • To find out more, please visit Tonic Housing website. Terry Stacy is also Head of the LGA’s Liberal Democrat Group Office
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