Social and affordable housing project funding opens

Homes for Homes has opened a funding round for social and affordable housing projects, with up to $140,000 available in Victoria.

Homes for Homes CEO Steven Persson says the organisation will take a flexible approach to the projects it supports.

Housing providers know who is experiencing homelessness and housing stress in their area of operation, and what their needs are, Mr Persson ‘says.

We are keen to fund high-impact projects and are open to all proposals from community housing providers and property developers. Any organisation that can create social and affordable housing is encouraged to apply.

This funding round marks the second time Homes for Homes has released funds in Victoria and the ACT.

Last year, Homes for Homes awarded $500,000 to five organisations, supporting projects ranging from long-term accommodation for matched pairs of older women stuck in the unaffordable private rental market to a six-star energy rated home for a young family in housing stress.

‘Australia is facing a housing crisis, with almost 200,000 households on the waitlist for social housing. Thankfully there is a huge appetite to solve this problem,’Mr Persson says.

With overwhelming support from developers, community, business and government, Homes for Homes is on track to generate over $1 billion over the next 30 years. This is a long-term generational solution that works.

Applications close on 5 July 2019.

Applications will be assessed by an expert, industry-based advisory group.

Recipients are expected to be announced later in the year.

See Homes for Homes for details.

About Homes for Homes

 Homes for Homes, established by The Big Issue, tackles Australia’s chronic shortage of 200,000 social and affordable homes by raising money through donations from property sales.

Homeowners register with Homes for Homes, agreeing to donate 0.1 per cent of their property’s sale price to the initiative at the time of sale (for example, a $500,000 sale results in a $500 donation).

Once a house is registered with Homes for Homes, the legal mechanism stays on the property title, prompting a donation each time the property is sold in the future.

Under the Homes for Homes model, money raised in each state or territory is used to support housing projects in that state or territory.