Boosting our Social Impact Through Social Sector Transformation Fund
Head Start Homes is excited to announce it will be working with Social Enterprise Finance Australia (“Sefa”) to help boost its social impact.
The work is being funded by the Social Sector Transformation Fund (“SSTF”), a program supported by the NSW Department of Communities and Justice, that allows eligible, not- for-profit organisations to access advisory and information services at no cost.
HSH Founder and Managing Director, Stephen Woodlands, said he was excited to be working with Sefa which had an excellent understanding of the affordable housing sector.
“Together with Sefa, we will be reviewing revenue operations, developing a decision-making framework and then applying this framework to our revenue generation options,” he explained.
“Ultimately we are striving to give more single mothers and First Nations families the opportunity of home ownership and this project is another positive way forward in doing just that.”
Sefa supports the growth and resilience of purpose-driven organisations while generating positive returns for investors, using the tools of both capital and capability building to achieve these outcomes.
Sefa’s Head of Portfolio Management, Manfred Bauer, said Sefa had a long-standing track record in getting organisations investment ready, and sees a strong need for alternative affordable housing models to be proven and scaled.
“Being aware of the nature of organisations such as HSH, we are excited to go on the journey with them to help them explore pathways towards self-sustainability, identifying the core foundations of their operation and impact model, as well as empowering them to apply strategic decision frameworks in relation to their next growth stage and impact,” Mr Bauer said.
