Women’s Property Initiatives (WPI) identified an opportunity to increase housing supply for single women and single mothers who cannot afford private rental and need access to social housing. Using their knowledge and expertise as a community housing provider, WPI launched their own real estate agency to operate as a social enterprise. The Foundation provided a grant in 2013 to assist with the start-up of the social enterprise real estate agency which focuses on delivering profits to build more affordable housing for women and children at risk of homelessness. Today Property Initiatives Real Estate provides residential real estate services across inner Melbourne including sales, leasing and property management. This social enterprise capitalises on WPI’s expertise in effectively managing rental properties and tenancies while providing an income stream to expand housing supply. Profits are used to build secure and permanent homes for women and children at-risk of becoming homeless. It is real estate that changes lives!
The 'Increasing the capacity of the Property Initiatives Real Estate social enterprise' project aligns with these United Nations’ Sustainable Development Goals: