Homes for Homes and PEXA join forces to tackle homelessness in Australia
Today Homes for Homes and Property Exchange Australia (PEXA) have announced a new funding partnership which will support a long-term promise to help end homelessness in Australia.
The partnership will see PEXA grant at least $250,000 in funding to Homes for Homes across two years via a national grant disbursement program designed to help increase the supply of social and affordable housing for those who need it most.
Steven Persson, Homes for Homes CEO said Homes for Homes is thrilled to see PEXA extend their support during a very crucial time for social and affordable housing.
“More than ever, a collaborative, sustainable solution is needed to end homelessness in Australia, and we commend PEXA for taking great industry leadership by committing to help solve this issue,” he said.
“Homes for Homes will distribute this funding to community housing providers through a robust governance framework, meaning more people experiencing homelessness and disadvantage nationally will get to experience safe, secure and permanent housing.”
The funding marks another milestone in an enduring relationship between the organisations. PEXA began embedding the Homes for Homes donation mechanism into their electronic conveyancing platform in 2018, helping to grow the program’s reach and awareness.
PEXA is Australia’s leader in digital property settlement services, helping over 20,000 families a week safely settle their home. PEXA CEO Glenn King said the team at PEXA is passionate about extending its remit to help put roofs over the heads of some of Australia’s most vulnerable.
“PEXA is excited to evolve our partnership with Homes for Homes to build a unique shared value program that brings together our employees, members and government partners to assist in solving a significant social issue facing our country,” he said.
“We spend our days focussed on getting people into their homes, and tackling homelessness is an important and necessary extension of that work.”
Homes for Homes is a social enterprise that aims to help end homelessness in Australia by asking property owners to donate 0.1% of the sale price of their property to Homes for Homes. These funds are then pooled and disbursed to community housing providers to increase the supply of affordable and social housing.
Homes for Homes is on track to raise more than $1 billion for social and affordable housing over the next 30 years. More than $940,000 has already been granted to eight projects, housing 32 people.