Homes for Homes is an independent, not-for-profit organisation established by Australia’s largest and most successful social enterprise, The Big Issue.
Made for Australia.
A group of community leaders, including The Big Issue CEO, identified a mechanism applied by a large developer to raise recurring funding from sale and resale of its own properties. Beyond the funds raised, the initiative provided a way for the community to engage with and be a part of the solution to the shortage of social and affordable housing.
Inspired, The Big Issue set about tailoring the initiative to allow the entire community to link arms on scale. Homes for Homes is the result of more than six years of development, planning, consultation and independent reviews (including government treasuries and housing departments) to create a tailored solution that is ‘Made for Australia’.
Billions of benefits for all Australians
Feasibility studies and economic assessments have been undertaken to project the amount of funds that can be raised and the impact that the investment of those funds can have.
Based on conservative assumptions, Homes for Homes can raise more than $1.8 billion of new funding to invest in increasing the supply of social and affordable housing.
Homes for Homes is a new source of funding, not a builder. Funds raised through Homes for Homes will be invested with experienced housing providers and managers to increase supply of social affordable housing. Funds invested by Homes for Homes will also create new jobs and result in billions of dollars of flow on economic benefits.
By supporting Homes for Homes you are supporting the entire community housing sector and strengthening communities.
Established by The Big Issue
Australia’s most significant social enterprise, The Big Issue operates a number of sustainable commercial solutions to address social issues … helping people help themselves.
Since 1996, The Big Issue has saved the Australian community more than $100 million, providing a ‘return-on-investment’ of over $4 for every $1 spent.
The Big Issue is most well-known for providing homeless, marginalised and disadvantaged people the opportunity to earn an income and re-engage with the community by selling The Big Issue magazine.
Over 10 million copies have been sold by vendors who collectively have earned over $25 million.
With a strong delivery track record, an independent board, robust governance and an advisory network of Australian business and industry leaders, The Big Issue is ideally placed to establish Homes for Homes.