below you can read + watch about what the finance legal team have been working on for the last year: from pilot project costings - to making our social enterprise operations financially sustainable... information last updated in early 2024 but very possibly will evolve quickly within our anticipated dynamic year ahead... therefore, please message us for the most up to date information!
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 first-year budget 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
we want to get homefolk off the ground and available to more people as soon as possible. a pilot site proof-of-concept will get us to the point where we can demonstrate the goal of ownership and ultimately the freedom this entails. we'll have the best launch pad we possibly can for continuing to bring homefolk spaces to more people
if you're interested, please consider signing up to our email list so we can keep you updated with where we're heading in the future! alternatively, navigate yourself to the 'live here'' section if that's something you want to be kept in the loop about when opportunities arise...
have a look through the 16 page financial transparency report we produced down below and make your own conclusions if we really are what we say on the tin
this was produced in early 2022 and plans have changed! the document is still really useful for understanding some of the costs involved and 'worst-case scenarios' for financing for our project
all facts, figures and tables are for informing broadly but changes regarding the sources and routes for money we transact are likely - therefore, please message us for the most up to date information!
links to the open access documents should you prefer:
homefolk housing UK CIC
homefolk housing UK CIC register no. 14593185 in england and wales, london UK.
copyleft 2023 homefolk housing ltd - granting full use rights and forbiding proprietization
you've just arrived
but before you go
this is our chance
to help homefolk grow
you'll be surprised, that all it takes
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