Financial inclusion

It is thought that tenants in social housing make up 60% of the financially excluded population. Find out how the Federation is supporting housing associations’ work to promote financial inclusion.

My Home Finance is a social enterprise set up by the National Housing Federation with support from the Government, Royal Bank of Scotland, Wates and many housing associations, offering affordable credit, money advice, bank accounts and linked savings accounts. Shops have now opened across the West Midlands, serving customers who might otherwise find it difficult to access credit at fair interest rates.

For more information visit the My Home Finance website

Financial Healthcheck

The Money Advice Service has produced a new online money advisor which helps you plan for your financial future.

National Roll Out of MoneyMadeClear Face to Face Service

The Money Advice Service is now rolling out face-to-face financial guidance service across England and Northern Ireland, aiming to reach 800,000 consumers in the next five years. The guidance sessions are free and impartial and aim to improve financial capability.

The service will be delivered by A4E and hosted by local intermediaries who are able to provide a venue, and commit to filling available meeting slots. While capacity is limited and there will not be a guide in every local area, housing associations can apply to host a local money guide, and can ring-fence the service for their own tenants if they wish. If you would like to find out more about the service and to get involved, refer your tenants or host your own service, contact Steve Hughes.

In South West, guidance sessions will be run by Leonard Cheshire Disability group and will only be for clients with disabilities; in North East sessions will be run through local Citizens Advice bureaux.

Financial capability for homeless young people

The Money Advice Service has released a new guide on embedding financial capability in work with homeless young people.