As the first loan recipient of Lord Mayor’s Charitable Foundation new affordable housing loan fund with Social Enterprise Finance Australia (SEFA), Habitat for Humanity Victoria proudly presented house keys to new home owners Chris and Jacqui and their sons aged two and five.
The Foundation’s affordable housing loan fund with SEFA aims to increase the supply of affordable housing in Victoria and provide another option for funding for the not-for-profit sector.
The loan will enable Habitat for Humanity to reach their goal of building 100 new homes for low income individuals and families 2020. As part of each new home project, families who will become the new homeowners, are encouraged to get involved in the building of their new homes by providing 500 hours of ‘sweat equity’.
Chris and Jacqui have been working hard assisting in building, painting and gardening over the last six months.
"I liked working on my house and I learned new skills," says Jacqui. "Volunteers come and help you and we've got to know most of the neighbours already because it's a small community."
The Foundation’s Chief Executive Officer Catherine Brown said, “Congratulations to Habitat for Humanity and the wonderful contribution they are making to helping low income families own their own homes.
“On behalf of the Lord Mayor’s Charitable Foundation, we wish Chris and Jacqui all the very best for the future.”