Endorsed by

Grocon donates to housing affordability scheme with profits from ARM’s Portrait building sales.

Grocon has donated over $270,000 to the Big Issue's Homes for Homes fund.

Grocon has donated $270,000 to social and affordable housing through the Homes for Homes scheme, established by the Big Issue in 2013. Grocon raised the money for the donation through the sale of apartments in the ARM Architecture-designed Portrait building, in Melbourne.

Homes for Homes, which is based on a similar initiave in the USA, encourages both large developers and individual home owners to make a tax-deductible donation of 0.1 percent of the sale price of a property.

Grocon is the first developer to become involved in the scheme and a contribution will be donated by the developer in all future projects where Grocon is involved in apartment sales.

The Big Issue chief executive officer Stephen Persson said in a public statement that Grocon’s involvement represented a positive move towards getting other developers on board.

“Homelessness is a significant issue facing many thousands of Australians. We have a critical shortage of over 170,000 affordable houses, and every night over 105,000 people in Australia are homeless,” he said.

“This is the first step to creating a long term and sustainable funding source for affordable housing.”

The thirty-one-storey Profile building was unveiled last month in Swanston Square, with a striking eighty-five-metre-high portrait of prominent Aboriginal leader William Barak.

Due to the nature of property sales, the Homes for Homes scheme has a long term focus, with the first affordable or social houses projected to be built within four or five years.

More news

See all
Built in 1869, St. Peter’s cathedral was designed by William Butterfield and Edward John Woods – the latter went on to found Woods Bagot with Walter Bagot. Woods Bagot marks 150 years of practice

One of Australia’s oldest and largest architecture practices has celebrated its 150th anniversary.

Bondi Apartment by Ricci Bloh Architecture and Interiors. Australia’s best architectural kitchens celebrated in 2020 Smeg Tour competition shortlist

The shortlist for the 2020 Smeg Tour competiton, which rewards outstanding architectural kitchen design, has been announced.

UTS Central. Twisted UTS tower completes 10-year campus redevelopment

The University of Technology Sydney (UTS) has opened a curvaceous companion to its landmark brutalist tower in the centre of Sydney.

Concept plans for Bonnyrigg Housing Estate by Architectus with Allen Jack and Cottier. Architectus, Allen Jack and Cottier design 3,000-home estate for Western Sydney

Updated plans for the redevelopment of Bonnyrigg Housing Estate have been placed on public exhibit.

Most read

Latest on site