BJECTIVES & PROPOSED SOLUTIONS
OVERALL GOAL: "Provide a convenient tool to help empower community housing tenants overcome financial barriers and equipping them with the knowledge of budgeting, the real estate and mortgage process to achieve home ownership."
Increase the number of users of the proposed HSH digital platform with tenants of community housing nationwide.
HSH digital tool is effective in helping tenants with their ability to save money and potentially their ability to improve thier financial earnings, hence their eligibility for the Guarantee.
HSH mobile users develop their self-efficacy to take on the responsibility of a mortgage and home ownership.
Demonstrate to tenants that owning a home is a better financial option than renting, as money goes towards investing in your own home.
Design a gamified learning platform for users with features that would make the experience easy, fun and motivate them to continuously learn.
Create some features that would make users frequently use the app to develop their financial & real estate knowledge rapidly.
Design practical & engaging features that would help build their confidence in learning, saving & minimising their expenses & debt.
Users can achieve the minimum deposit plus Lenders Mortgage Insurance and other necessary expenses when acquiring a mortgage.
Include the HSH Guarantee application process as part of the main features with the app to give users the confidence to save and participate with the app.
Vacancies after former tenants successfully buys their own homes
Homeless persons or persons in temporary housing on waiting list for community housing.
Community housing renters to overcome financial and personal obstacles that are preventing them from achieving home ownership. Incentivised by Head Start Home Guarantee or developing