More about Providential Homes ↓
Providential Homes provide food, clothing and shelter to thousands of people across Sydney each year. They provide high quality supported accommodation to assist people in breaking the cycle of homelessness, housing over 300 guests a week. Accommodation is available for single men and women, women with children, youth and families.
Sefa's support ↓
Sefa’s loan assisted Providential to purchase their first residential property in Western Sydney to use as temporary accommodation.
Impact achieved ↓
Shifting from rented to owned properties allows Providential Homes to become more sustainable by:
•Reducing reliance on landlords and building an asset base to earn capital gains
•Providing a stable base for guests to live in while accessing wrap around services
•Giving Providential Homes the freedom to renovate to be fit for purpose, and flexibility to offer transitional housing options as part of their long-term strategy
•Providing an opportunity to develop replicable models to scale supported accommodation offerings from owned properties.