A not-for-profit organisation established to help address one of Australia’s biggest social issues, the lack of affordable housing, has achieved a new level of collaboration which proves just how powerful its concept can be when embraced by all parties involved.
Homes for Homes raises funds through donors who agree to include a caveat on their property titles which enables a tax-deductible donation of 0.1% of the sale price to be given to the organisation.
Homes for Homes partnered with real estate group Base Developments to raise funds to create social housing in the Australian Capital Territory; this week, it welcomed a $34,372 donation following the sale of 79 properties by Base Developments in Denman Prospect, ACT.
Notably, the landowner registered the entire Denman Prospect suburb with the not-for-profit, making it Australia’s first Homes for Homes suburb.
This latest collaboration and ensuing donation shows how far the Homes for Homes concept can go when embraced by the landowner, Capital Airport Group, the developer, Base Developments, and the homeowner, according to Homes for Homes CEO Steven Persson.
“By simply maintaining the property’s registrations with Homes for Homes, Base Developments and these homeowners have made a major contribution in providing more social and affordable housing to those in need in the ACT,” Persson continued.
“The considerable donation received from this sale is evidence of the extraordinary impact developers can have in helping us tackle Australia’s housing crisis through the Homes for Homes initiative.”
Base Developments director Greg Brown foresees the collaboration continuing into the future.
“We’ve been a long standing supporter of Homes for Homes, which stems from our commitment to supporting local charities, and are committed to signing up another 90 residences over the next 12 months,” he said.
Once sufficient funds have been raised, Homes for Homes will allocate them to housing providers to create social and affordable housing to ultimately decrease homelessness in Canberra. All donations to the not-for-profit raised in the ACT will remain in the territory.
