Housing Associations: our guide to introducing a Tempo Time Credit Program
Housing associations play a vital role in supporting and empowering their residents. Introducing a Tempo Time Credit program can offer numerous benefits to both parties by increasing resident engagement and supporting the overall health and well-being of residents within the community.
Tempo has partnered with a number of housing associations to implement our community currency that rewards individuals for volunteering their time and skills. Here we share the many potential advantages of introducing a Time Credits program within a housing association setting.
Benefits for Housing Associations
Strengthening Community Cohesion
By implementing a Tempo Time Credit program, housing associations can foster a stronger sense of community cohesion. Residents engaging in volunteering activities build connections and relationships with each other, leading to increased social capital and a more inclusive and supportive community.
91% of our volunteers know more about community based services and support available to them (Impact Report 2021-22)
Improved Resident Well-being
Participating in volunteering activities through the Tempo Time Credit program can have a positive impact on residents’ mental health and overall well-being. Volunteering has been shown to reduce social isolation, improve self-esteem, and enhance life satisfaction. Consequently, residents may experience improved mental and emotional well-being.
81% of our volunteers feel less lonely (Impact Report 2021-22)
70% reported improved quality of life
84% feel more positive about the future
68% reported improved physical health
83% reported improved mental health
Enhanced Community Development
The introduction of a Tempo Time Credit program can facilitate community development initiatives within housing associations. By encouraging residents to contribute their time and skills, the program can support the development of community-led projects, such as gardening, arts, cultural events, and educational programs. These co-produced initiatives can create a stronger and more vibrant community.
93% of our volunteers feel more able to contribute to the community and other people (Impact Report 2021-22)
Benefits for Residents
Increased Sense of Purpose
Volunteering through the Tempo Time Credit program gives residents a sense of purpose and fulfillment. By utilising their skills and knowledge to help others, they contribute positively to their community, leading to increased self-worth and personal growth.
86% of our volunteers feel more confident (Impact Report 2021-22)
Skill Development and Learning Opportunities
Residents engaging in volunteering activities can acquire new skills and knowledge. The Tempo Time Credit program can provide training and learning opportunities, enabling residents to develop their abilities and broaden their horizons. This can enhance their employability prospects and create a more skilled and empowered community.
57% of our volunteers believe Time Credits helped them get a job. (Impact Report 2021-22)
87% learned a new skill
Access to Rewards and Opportunities
Through the Tempo Time Credit program, residents accumulate credits for their volunteering efforts. These credits can be exchanged for various rewards, such as tickets to cultural events, fitness classes, or access to training courses. This rewards system provides tangible incentives for residents to participate and further strengthens their engagement in community activities.
86% feel more confident (Impact Report 2021-22)
73% can afford to do more things
To read more about Tempo Time Credits you can visit our case study with Orbit Housing in Bexley here https://wearetempo.org/project/orbit-housing-bexley/
And you can also read our latest Full UK Impact report here https://wearetempo.org/project/impact2021-22/