At a glance

GRANT
Affordable Housing Challenge Feasibility grant
AMOUNT AVAILABLE
Individual grants between $30,000 - $50,000
OPEN DATE
4 October 2021
CLOSE DATE
8 November 2021
APPLICANTS NOTIFIED
December 2021

 

The Affordable Housing Challenge is an Initiative of Lord Mayor’s Charitable Foundation that encourages land owners to build affordable housing on underutilised land close to amenities. 

The Foundation ran the first Challenge in 2017 with local government land partners who could make suitable land available at no cost (by title transfer or 50-year lease).  In 2020, the Foundation ran a Challenge that focused on not-for-profit land holders.


2021 Affordable Housing Challenge

The 2021 Affordable Housing Challenge will again focus on eligible not-for-profits, including faith-based organisations, who wish to use their land holding, including vacant land, strata or redevelopment of existing buildings, to increase the supply of affordable housing in Melbourne.  The Challenge is intended to encourage not-for-profits to utilise their existing land holdings and demonstrate a scalable and replicable solution to providing affordable rental housing.

 

Grant

The 2021 Affordable Housing Challenge will include funding for eligible organisations to undertake a feasibility study to develop affordable housing on underutilised land in Greater Melbourne.

Feasibility studies allow organisations to analyse parts of a potential capital works development, and could include:

  • Planning requirements

  • Concept designs

  • Financial modelling

  • Development timelines

  • Site location analysis

  • Sustainability requirements and aspirations

Feasibility grant amount

  • Individual grants between $30,000 - $50,000

  • ​Applicants may indicate if all or part of the grant would be useful as a no interest loan repayable when other funding is achieved.


 

Eligibility

The 2021 Affordable Housing Challenge is open to eligible organisations.
 
Eligible organisations are:

  • Organisations that are endorsed as a Tax Concession Charity (TCC) and as a Deductible Gift Recipient (DGR) as covered by Item 1 of the table in section 30-15 of the Income Tax Assessment Act 1997.

  • Australian charities registered or operating in Victoria.


How to apply

Please read the Affordable Housing Challenge Guidelines  for full details. 

Prospective applicants should submit an enquiry by 8 November 2021 or discuss their application with Erin Dolan, Senior Program Manager - Homeless & Affordable Housing.