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Homes for Homes and PEXA combine to deliver affordable housing across the country

Homes for Homes and PEXA combine to deliver affordable housing across the country

News release – 7 April 2022

More than 116,000 Australians are homeless on any given night across the country, while another 1.5 million live in serious housing stress. Given PEXA’s role within the property eco-system, we can’t just stand by on the sidelines as our national homeless numbers continue to rise.  

And that is why our partnership with Homes for Homes means so much. Homes for Homes is a simple promise that when a home sells, whenever that is, 0.1% of the sale price will be donated—helping build homes for those in need. When there are sufficient funds raised, grant funding rounds are initiated, inviting applications from housing providers who can contribute to the delivery of social and affordable housing.

In March, Homes for Homes announced the following initiatives following their 2021 grant funding round for providers in Queensland and Northern Territory:

  • Venture Housing Company in Johnston, Northern Territory will receive $70,000 to purchase and convert an existing privately rented three-bedroom property into affordable housing for low-income earners who are in housing stress in the private rental market.
  • City Ventures in Townsville, Queensland will receive $50,300 to upgrade existing accommodation to enable young people in to build their capacity in long-term self-sufficiency and independent living skills as they re-engage in the community.
  • Coast2Bay Housing Group in Nambour, Queensland will receive $18,179 increase the standard of living for 10 women over 55 who will benefit from more affordable rental costs.

This week, Homes for Homes released its next grant funding round for eligible social and affordable housing providers in New South Wales and Western Australia, releasing up to $160,000.

“With PEXA playing a role on the Homes for Homes Housing Advisory Committee, we see first hand the critical need for programs like this in tackling an important social issue that is only getting worse. Given we are in the business of safely getting Australians into their homes, our remit must extend to those who can’t necessarily afford one,” said PEXA Chief Corporate Affairs Officer Jo Waldon.   

Submissions for the current grant funding round close mid-May, with participants to be announced towards the end of 2022 following a rigorous review process.  

The Homes for Homes’ caveat process is now seamlessly integrated into the PEXA Exchange platform, making is simple for consumers and their lawyers/conveyancers to add. PEXA is also pleased to contribute more than $200,000 towards these critical grant funding rounds.

Our friendly staff are on hand to assist you with registering for and learning to use PEXA. Complete the form below and we’ll be in touch with you shortly.