$6 million boost for Homes for Homes

29 Jun 2017 - 16:00

Photo of Steven Persson, Minister Porter, Sonya Clancy, David Waldren, and Jeanette Large standing next to Homes for Homes signs
(L-R) Steven Persson, CEO, Homes for Homes; Minister Porter; Sonya Clancy, Chairman, Homes for Homes; David Waldren, Head of Planning and Design, Grocon; Jeanette Large, CEO, Women’s Property Initiatives.

On Wednesday 28 June 2017, Minister for Social Services Christian Porter announced a boost to the supply of social and affordable housing with a $6 million investment in The Big Issue’s Homes for Homes initiative.

Minister Porter joined Homes for Homes and a development partner to announce the funding in Melbourne.  

Speaking from the Homes for Homes partner site, Minister Porter said this funding will build on Homes for Homes early successes by developing its organisational capabilities and enable it to deliver on this initiative.

The voluntary scheme allows homeowners and organisations involved in property transactions to donate 0.1 per cent of each sale to Homes for Homes when a property is sold.

Under this initiative, individual homeowners or national property developers are helping those who don’t have a roof over their head.

Over the long term these donations will generate a pool of funding for community housing providers to build more social and affordable dwellings.

Homes for Homes has projected this initiative will raise $2.4 billion over 30 years.

Minister Porter said developing alternative sources of capital for social and affordable housing is critical to helping Australians who are homeless or who are unable to access safe and secure housing. 

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