Homes for Homes has announced its first-ever funding recipients with $300,000 awarded to social and affordable housing projects in Victoria and a further $200,000 awarded in the ACT.
Women’s Property Initiatives, HousingFirst, Habitat for Humanity Victoria and Housing Choices Australia will share in the Victorian funding. Havelock Housing Association will receive the ACT funding.
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.
Funds are then invested in housing projects in the state or territory in which they were raised. An independent assessment found Homes for Homes has the potential to raise more than $1.8 billion over 30 years.
The first funding announcement is an important milestone for Homes for Homes. Homes for Homes CEO Steven Persson said:
“Homes for Homes provides a way for the community to solve our housing crisis collectively. The initial response has shown there is an enormous appetite to address this problem, and we are delighted to deliver the first funds years ahead of schedule,” Mr Persson said.
“The five funding recipients offer real, innovative solutions to homelessness and the housing shortage in their local communities.”
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Source: Homes for Homes