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Successful finance models for affordable housing

SEFA continues to take a leading role in raising awareness around successful financial business models for affordable housing and homelessness solutions. In July it presented at a social enterprise workshop convened by the Queensland Council of Social Service (QCOSS). The state-wide peak body QCOSS, represents the State’s interests in individuals experiencing or at risk of experiencing poverty and disadvantage, as well as organisations working in the social and community service sector.

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Social enterprise lenders, community bankers, youth homelessness agency leaders, non-profit developers, and innovative rural and regional housing solution builders gathered to identify opportunities to link services and clients with socially driven, independently financed housing approaches.

SEFA Relationship Manager Hanna Ebeling presented three social business models that can avoid reliance on government funding and that can provide sustainable accommodation. The models were supported by case studies of SEFA clients and included those that offer employment and training of disadvantaged people (MiHaven), those that provide actual housing (Myrtle Park, CC ARAFMI, King Street Haven, Three Sista’s), and those that donate a percentage of their profits to fund a social housing program (Sustain Community Housing).

Hanna reaffirmed SEFA’s role in encouraging social enterprises to address the housing crisis in Australia. She said, ‘SEFA actively collaborates with other players to deliver affordable housing solutions, from very small scale modular houses for homeless people, to shared equity propositions for key worker families.’ She also emphasized the importance of building on current strengths, assets and networks, building a culture that adopts enterprise thinking, and the importance of planning and partnerships.

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