It is a small donation that could generate more than $ 1 billion in social homes.
A social company that addresses the housing crisis is asking the sellers and housing developers to make more to relieve the desperate need for more social and affordable houses, and could be as little as $ 500.
Homes for Homes, created by the big problem, has just signed an agreement with the Queensland government and registered its first Queensland developer.
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The non -profit company provides a scalable and sustainable financing model to use small donations caused the sale of a property.
When a property registered in homes for homes is sold, 0.1 percent of the sale price is donated to the organization.
These funds are distributed as subsidies to community housing suppliers, who use them to build or acquire homes for needy people.
The donation is voluntary and the pact can be eliminated at any time. On a property of $ 500,000, it amounts to $ 500. On a $ 1M property, the donation would be $ 1000.
So far more than $ 2.5 million have been granted, creating more than 300 houses in Australia, with hundreds more projected to be built in the coming years.
If only 5 percent of the properties of Australia will be recorded, the program could generate more than $ 1 billion for social homes for 30 years, according to the modeling of SGS Economics & Planning.
Homes for Homes Queensland associations manager Mia Bannister said Martini Fletcher had just recorded her 88 luxury apartments project in Corner Stones, Corner House, the first for a developer in the state.
Mrs. Bannister said that Queensland economic development had also signed a memorandum of understanding with homes for homes to start working with the organization.
“What I would like to see are houses for houses that are written in prority development areas as an option for developers to use it,” he said.
“We have so many priority development areas: Waraba, ‘Gabba … are houses for thousands and thousands of people.”
But Mrs. Bannister said that the collection of the initiative had been slower than she expect
“Being a charitable organization, I think people pushing us to the bottom of the stack of things to do, so they are trying to change that mentality that we are a solution to a problem that is everyone’s problem,” he said.
“It is really a solution of everything or Australia because what really costs you to register your home? Nothing, but you are trying to change that mentality.
“It is projected that the deficiency of social houses and affordable in Australia will be more than one million by 2026, so that is a disaster.”
