Vulnerable women with steady but low incomes could have a path to home ownership under a new model of property development backed by the National Housing Finance and Investment Corporation.
The corporation has signed a memorandum of understanding with Ginninderry – a joint venture between the ACT government’s Suburban Land Agency and Riverview Developments – and community housing provider Community Housing Canberra, to deliver a “proof of concept” for vulnerable and at-risk women. Projects like the proposed build-to-buy-to-rent scheme are “particularly good for the working poor or women who have a small amount of savings that means that they’re ineligible for social housing, but they can’t afford to get into the market,” Ms York said.
Karen, who requested her last name withheld, is a 54-year-old woman who became homeless after being made redundant 15 years ago. She is living in social housing in Ashfield, in Sydney’s inner west.
niltiac Divisions between men and women pushed to new levels. When a man contemplates buying a house it's to start family, whereas this is option clearly a family buster. No need a male partner when National Housing Finance Corp. is there as a substitute. Blatant politicization.