Guide to Giving
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Good Business, Social Enterprise

The Big Issue’s New Social Enterprise


Tuesday, 16th July 2013 at 1:12 pm
Lina Caneva, Editor
Not for Profit street-publication, The Big Issue is taking on a challenge to achieve generational change with the launch of a new social enterprise tackling Australia’s ‘most significant issue’ of increasing homelessness.

Tuesday, 16th July 2013
at 1:12 pm
Lina Caneva, Editor


1 Comments


FREE SOCIAL
SECTOR NEWS

 Print
The Big Issue’s New Social Enterprise
Tuesday, 16th July 2013 at 1:12 pm

Not for Profit street-publication, The Big Issue is taking on a challenge to achieve generational change with the launch of a new social enterprise tackling Australia’s ‘most significant issue’ of increasing homelessness.

The Big Issue CEO Steven Persson said the new social enterprise, Homes for Homes will focus on generational change through the creation of a ‘big society’ as a new approach to combat homelessness.

The notion of big society sees people joining forces to improve lives and strengthen society with a focus on empowering local communities and individuals to create change.

The Homes for Homes model is based on a voluntary scheme which will see developers, home owners, real estate agents, mortgage lenders and landlords contribute a portion of housing traction when a property is sold or leased.

Persson said people could nominate the percentage of the sale price that they wished to donate, and it would be tax free.

“This money will go into a fund which will, in time, create tailored housing developments according to the needs of each community.”

As one of the longest running social enterprises, Persson said The Big Issue was well equipped to take on this new challenge and was very aware of the long road ahead.

“We are taking the approach of a term that we are starting to use more and more, of the big society,” he said.

“We are very good at social enterprise and we understand social enterprise – we are very good at business, we firmly believe in this.

“This has the potential to be the most significant social enterprise in Australia.”

The Homes for Homes project essentially takes on the role of ‘capturing’ and distributing the money towards housing in the most transparent way, Persson said.

Persson said The Big Issue was already engaged with some big players in the banking and housing sectors and had based their model on a proven model that has been successful overseas.

He said it could be between four and five years before Homes for Homes builds its first house.

Once in full swing, the program had the potential to create “hundreds and hundreds of millions” of dollars in housing, Persson said.

Persson acknowledged the work being done by a number of Government and community organisations to combat homelessness and said the problem was expected to “explode” in the coming years.

“It is just too big for one party to solve,” he said.

“This is about what is needed in a community.

“I think organisations like us have a responsibility to look beyond that three to four year political cycle.

“If it was easy to fix this problem, it would have been done by now.

“Money raised in each State will stay in each State.

“It is going to be driven by the need.

The project received $500,000 in Federal Government funding yesterday.

It has also had the support of philanthropic organisations.

The Parliamentary Secretary for Housing and Homelessness Senator Doug Cameron said The Big Issue had a long history of raising awareness of homelessness, and supporting vulnerable people in turning their lives around.

“We believe all Australians deserve a safe, secure home, and we will continue to work to provide affordable housing for Australia’s most vulnerable people,” he said.


Lina Caneva  |  Editor |  @ProBonoNews

Lina Caneva has been a journalist for more than 35 years, and Editor of Pro Bono Australia News since it was founded in 2000.

AON

FEATURED SUPPLIERS


Yes we’re lawyers, but we do a lot more....

Moores

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

More Suppliers


YOU MAY ALSO LIKE

Thankyou Turns a New Chapter

Wendy Williams

Tuesday, 26th September 2017 at 8:55 am

Thinkers Look to Melbourne to Grow SA Purpose Economy

Wendy Williams

Thursday, 21st September 2017 at 4:44 pm

Australian Organisations Score in the Top 10 Per Cent of B Corps Globally

Luke Michael

Monday, 18th September 2017 at 5:03 pm

New CEO to Lead TDi into Next Phase as Bessi Graham Stands Down

Wendy Williams

Friday, 15th September 2017 at 9:46 am

POPULAR

Moves to Stop Volunteering at Overseas Orphanages

Luke Michael

Wednesday, 13th September 2017 at 1:54 pm

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Majority of NFPs Are Not Believed to be Well-Run, According to New Survey

Luke Michael

Tuesday, 12th September 2017 at 4:14 pm

Ignoring Social Housing is a Recipe for Failure Expert Warns

Wendy Williams

Tuesday, 12th September 2017 at 4:49 pm

One Comment

  • Natascha Temple-Smith Natascha Temple-Smith says:

    I love it! Well done and Thank you The Big Issue, for your never ending support and care for humanity! Will the housing incorporate green energy perhaps, so that energy costs are minimal to none? eg. solar power/ rain water collection etc.

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Guide to Giving
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!