ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Prince William reveals Princess Diana's charity work left 'deep and lasting impression' on him

Prince William launched a project on Monday to help end homelessness in the U.K. Princess Diana took her son to a homeless shelter when he was 11 and met "extraordinary people."

Prince William is following in his late mother's footsteps.

On Monday, the Prince of Wales presented a five-year plan to make homelessness in the United Kingdom "rare, brief and unrepeated."

The heir to the throne shared that his mother, Princess Diana, first took him to a housing shelter when he was 11. "The visits we made, left a deep and lasting impression," he added.

"I met so many extraordinary people and listened to so many heartbreaking personal stories," he said as he visited a mental health charity in south London. "Too many people have found themselves without a stable and permanent place to call home.″

PRINCE WILLIAM AND KATE MIDDLETON OFFER TO REPLACE STOLEN ITEMS FROM WELSH CHURCH: ‘VERY UNEXPECTED AND KIND’

This is not the first time William has focused on the fight against homelessness. In 2009, he highlighted the issue by sleeping on the streets of south London, and last year he was spotted on a London street selling the Big Issue, a magazine that supports the homeless.

William launched the initiative on Monday by visiting pilot projects that have received grants of up to 500,000 pounds ($637,000) each from the Royal Foundation, the charity that supports the work of William and his wife, Kate Middleton.

The initiative, known as Homewards, involve collaborative efforts between local people, organizations and businesses to develop programs tailored to the needs of their communities.

William aims to turn to countries who have nearly eliminated homelessness, such as Finland, to pave the way for people in crisis to receive permanent housing as a first step before trying to address other issues such as substance abuse, William said.

"It’s a big task, but I firmly believe that by working together it is possible to make homelessness rare, brief, and unrepeated, and I am very much looking forward to working with our six locations to make our ambition a reality," William said in a statement.

William announced the plan as rising rents and a shortage of affordable housing push more people into homelessness amid the biggest decline in living standards since World War II. Recent research indicates that more than 300,000 people throughout the U.K. have no permanent housing on any given night, including those who are sleeping on the streets, living in cars, staying in hostels or temporarily seeking help from family and friends, Homewards said.

CLICK HERE TO SIGN UP FOR THE ENTERTAINMENT NEWSLETTER

In a recent interview with London’s Sunday Times newspaper, William acknowledged that he was "one of the most unlikely advocates for this cause," given his numerous luxury proprieties, including control of the Duchy of Cornwall, which spans 52,000 hectares (128,500 acres) in England.

However, when he was asked whether there were any plans to put affordable housing in the Duchy of Cornwall, he answered, "Absolutely."

"Social housing," he told the Times. "You’ll see that when it’s ready. I’m no policy expert, but I push it where I can."

The Associated Press contributed to this report

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.