Extensive research and international experience have proven that mixed tenure cohousing with women with varying financial assets and skills, coming together in a mutually supportive environment, not only facilitates a healthy ageing process but also translates into positive impacts for the wider community.
WINC has a planning permit for 31 small, private homes with extensive common facilities to provide a perfect balance of private and shared spaces. The community will include 21 women who will fund themselves, 5 social housing tenants, and 5 ‘middle women’ who need your help.
‘Middle women’ have some assets (c.$250k) – making them ineligible for social housing – but they don’t have enough financial means to secure a permanent home outright. They are also considered too old to access commercial financing to buy a home. As a result, these middle women are likely to spend their limited savings on high rent and end up becoming homeless in a few years’ time.
WINC has created a $1.5 million Middle Women Housing Fund (‘MWHF’) specifically targeted at providing shared equity to enable these low-income middle women to buy into the WINC community, preventing their future homelessness.
With your donations, the MWHF will co-purchase with 5 middle women now and will also help future middle women. As these homes change hands, the MWHF will re-use your donation to assist future middle women co-own their homes. Your donation will thus have a long-lasting impact.
Matrix Guild, a registered DGR1 charity, is auspicing donations for WINC. https://winccohousing.org.au/cohousing/
Yes
Yes, as soon as your donation is processed.