WPI is thrilled to be partnering with Local Residential, a leading Build-to-Rent developer focused on creating positive social impact, to open the doors to more secure and affordable housing for women and children.
Local’s first two projects will see 75 social housing residences delivered through our partnership and their model includes a minimum of 10% social, affordable and specialist disability accommodation in each of its developments.
Commencing at Local’s flagship Kensington project, to be completed in 2024, the first phase of the partnership will deliver 33 apartments for women and children. 22 will be allocated to women and children experiencing insecure housing and 11 to women over 55, which is the fastest growing group of Australians experiencing homelessness.
On any given night there are 54,000 Australian women who are homeless. Currently, 440,000 older women are at risk of homelessness in Australia and there has been a 44 percent increase in older women seeking homelessness services since 2012.
Local’s ethos is closely aligned to ours. Everyone deserves a safe, secure and affordable place to live and single women, particularly older women, are among the most disadvantaged cohorts when it comes to accessing a secure home.
Our key objective is to increase the availability of secure and affordable housing for vulnerable women, and our partnership with Local helps us do just that; growing the number of homes we are able to offer and providing an important revenue stream for WPI.
