financial transparency 2024

michaela, a member of the legal finance team at homefolk, explains the team's efforts over the past year up until jan 2024

michaela discusses the rising house prices relative to income, emphasizing the dual crisis of supply and speculation  this video delves into the cost breakdown for the proposed village, demonstrating the team's estimate of £40-£60 thousand pounds per resident with the use of public urban commons

michaela highlights homefolk's current status as a volunteer-run social enterprise, stressing the need for formalizing aspects of the organization  the video also discusses the budget for the next five years, predicting costs to decline after the pilot. she outlines the anticipated costs for the first year

 including research, legal documentation, planning applications, and workforce expenses. michaela emphasizes the need for a paid coordinator for each working strand and a full-time project coordinator. the budget between now and the pilot (excluding the cost of the homes themselves) is projected to be between 60-70 thousand pounds. she concludes by expressing the ongoing work and growth at homefolk and encourages viewers to join the email list for monthly updates

funding + awareness dual goals: our current goal is to raise awareness of our project and eventually funds as well that will help us in our journey 

a pilot site proof-of-concept is essential to get us to the point where we can demonstrate the benefits of our model. a pilot is also important to inform us of any problems that could come up. we ultimately hope the benefits of affordability, health and sustainability can be brought to many more through a new model for housing, if we can get there

if you'd like to see our vision for new homes that address multiple intersecting issues, please consider clicking this link for updates