Head Start Homes acts as guarantor for people living in community housing who can afford ongoing home loan repayments but are locked out of the market due to the need for a large deposit and mortgage insurance. Head Start Homes is a not-for-profit organisation effectively functioning like the “bank of mum and dad”.
St.George Bank and Westpac are among more than 70 organisations supporting Head Start Homes.
Westpac Wire spoke with founder and managing director Stephen Woodlands (above right) about what the organsiation aims to achieve as well as with a first recipient about their experience.
Watch the video with Stephen and see the work he is doing.
Read about the organisation here at the Wire.