First funds granted
Homes for Homes moved one step closer to increasing the supply of affordable housing in Australia in 2018, with the allocation of its first round of funding completed in October.
Following an extensive review from an expert, industry-based advisory group, four social and affordable housing providers and developers across Victoria and the ACT were granted funds.
Funds will be used by these community housing providers to help increase supply of social and affordable housing in Australia, the gap of which is projected to grow to one million properties by 2036.
Within the first round, Homes for Homes allocated $480,000 in projects across Victoria and the ACT, the recipients being;
Habitat for Humanity Victoria (VIC)
$40,000 granted to support a six-star energy rated, three-bedroom house for a family living in housing stress.
$120,000 granted to contribute to the redevelopment of apartments which will provide low-cost accommodation to people experiencing homelessness, as well as support programs to at-risk groups including homeless women with babies.
Women’s Property Initiatives (VIC)
$120,000 granted to support a four-unit development that will house women over 55 who are living in the private rental market and don’t have enough money to buy their own home.
Havelock Housing Association (ACT)
$200,000 granted to purchase a unit which will offer long-term affordable tenancies to matched pairs of older women.