At a glance

GRANT
Affordable Housing Challenge Feasibility grant
AMOUNT AVAILABLE
Individual grants between $30,000 - $50,000
ELIGIBILITY
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; registered or operating in Victoria.
ENQUIRIES OPEN
20 March 2023
ENQUIRIES CLOSE
20 April 2023
APPLICANTS NOTIFIED
July 2023

 

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. 

**Enquiries for the 2023 Affordable Housing Challenge Grant Round have closed. Please ensure you are subscribed to be notified about future grant opportunities.**

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.


2023 Affordable Housing Challenge

The 2023 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 2023 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.

Note: The 2023 Challenge will also include invited applications from up to three community housing providers that have submitted shortlisted proposals for the Foundation’s Challenge project with City of Melbourne.

Eligibility

The 2023 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

**Enquiries for the 2023 Affordable Housing Challenge Grant Round have closed. Please ensure you are subscribed to be notified about future grant opportunities.**