The Brotherhood of St Laurence is a community organisation that works to prevent and alleviate poverty across Australia.
Project: Home ownership education program
Grant: $80,000 over 1 year
This education program complements the Melbourne Apartments Project, which helps families transition from rented social housing to buying their own apartment (at cost price). The education program will help people make an informed decision on whether home ownership is right for them and affordable. If it is, the program will ensure they understand the extra costs (eg insurance), and the money management habits necessary to succeed. This program will reduce the likelihood of loan default and give people the best chance of success.