Bridge Housing, a partner of Neami's Way2Home homelessness outreach service, is due to launch a new not-for-profit real estate agency in Sydney.
Home Ground Real Estate, also operating in Collingwood, Melbourne, allows private landlords to provide affordable housing by leasing their properties for below market-value rental rates.
Bridge Housing is set to receive funding from the City of Sydney to establish their own Home Ground, with the same brand as the Melbourne arm. A private philanthropist has also pledged funds.
The agency should be up and running by early next year.
Tamara Sequeira, Way2Home Manager, says "It's great that there is another avenue...for affordable rental options. Most importantly is the support needed to help people maintain their tenancies, which is crucial to prevent a return to homelessness."
Since 2010, Way2Home has supported 468 people into permanent housing.
Bridge Housing have provided Way2Home with $300, 000 over two years to provide home based support to people who were part of a previous Bridge Housing program