Victorian Property Fund grants

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Housing funding round 2018-19

The Victorian Property Fund grants program housing funding round 2018-19 is now complete. Grants awarded will be announced shortly.

For more information, view Victorian Property Fund housing funding round 2018-19.

Environmentally sustainable housing funding round 2017-18

The Victorian Property Fund environmentally sustainable housing funding round 2017-18 is now complete. Five grants worth $1.3 million were awarded to registered housing agencies to carry out sustainability improvements to social housing properties.

For more information, view Environmentally sustainable housing funding round 2017-18.

How to apply for a Victorian Property Fund grant

To apply for a Victorian Property Fund grant:

  • read the Victorian Property Fund grant application guide. If you intend to apply for a housing assistance project, please also read the Guidelines for Housing Assistance Grants
  • complete the Victorian Property Fund grant application form. A copy of the form is available by request to email vpf.grant.enquiries@justice.vic.gov.au or by calling 03 8684 6408. Note: this number is for grant enquiries only. For claim enquiries please call 1300 55 81 81Calling us costs the same as a local call. Additional charges may apply if you are calling from overseas, on a mobile or payphone.
  • send a copy of your draft application for feedback by email at the above address before submitting a formal application.
  • post the signed formal application and any attachments to:

Victorian Property Fund Grants
Consumer Affairs Victoria
GPO Box 123
Melbourne VIC 3001

If you do not have access to a computer and printer, you can order copies of the documents by calling us on 03 8684 6408.

About Victorian Property Fund grants

The Victorian Property Fund (VPF) is a trust fund established under the Estate Agents Act 1980 and administered by Consumer Affairs Victoria. Income for the fund comes from:

  • licence fees and fines paid by estate agents and conveyancers
  • interest on trust accounts of licensed estate agents and conveyancers
  • investment income.

We administer grants and compensation claims from the VPF. For information on compensation claims, view our Compensation claims – property page.

Grants from the VPF can be awarded for various property-related purposes listed under section 76(3) of the Estate Agents Act 1980. These include:

  • community education, advice or information services
  • programs promoting ownership of real estate
  • training estate agents and agents' representatives
  • dispute resolution and advocacy services
  • reviewing, reforming or researching real estate law
  • reviewing and researching the real estate market
  • housing assistance for low income or disadvantaged Victorians
  • developing environmentally sustainable housing
  • protecting Victoria's natural and architectural heritage.

The VPF grants program has a limited budget. Some funding areas are more favoured than others and in practice, not all the above purposes are regularly funded. For example, projects that develop more affordable housing for low income and disadvantaged Victorians are preferred over research projects or programs that promote ownership of property.

How are grants awarded?

The Minister for Consumer Affairs awards grants from the Victorian Property Fund after consulting with:

  • Consumer Affairs Victoria
  • the Estate Agents Council. For more information about the council, view Estate Agents Council.
  • relevant industry associations, government departments and other bodies.

Consumer Affairs Victoria's recommendations are based on:

  • the project's eligibility under section 76(3) of the Estate Agents Act 1980
  • the extent to which the project will contribute to desired government outcomes and benefit the community
  • whether the project provides a value-for-money use of the fund, including cost effectiveness and whether other funding sources are available
  • whether the project can be evaluated against agreed performance indicators
  • whether the application clearly establishes that there are demonstrated and substantial project outputs
  • whether the applicant satisfactorily demonstrates that the proposal is feasible and that they have the capacity to deliver the outputs
  • the applicant's record of achievement as a provider of relevant services or products
  • the budgetary limits on the total funds available.

How long does it take to award grants?

This depends on the amount of funding sought and the complexity of the proposal. In most cases, a simple proposal for a grant of less than $100,000 will take about three months. A larger and more complex application can take six months or longer.

You will need to apply for your grant in time to allow for this. Your application cannot be considered if your program or project is due to start before assessment is complete.

Who can apply for a Victorian Property Fund grant?

Anybody can apply. Past grant recipients include government departments and agencies, and not-for-profit community organisations.

Grants of $20,000 (GST exclusive) or more to organisations can only be made to incorporated bodies and government and semi-government bodies.

Current priority areas - Victorian Property Fund grants

The Victorian Property Fund discretionary grants budget for 2018-19 is $25 million (excluding GST). Please note that most of this funding is now allocated to grants in progress, earmarked for favoured proposals or reserved for funding rounds.

Organisations seeking funding are invited to contact us on 03 8684 6408 to discuss the nature of your proposal and current Victorian Property Fund priorities before preparing an application.

The anticipated funding allocation by eligible grant purpose for 2018-19 is set out in the following table. Funding levels for each purpose depend on the results of individual applications.

Subsection of Estate Agents Act 1980

Funding purpose

Budgeted funding allocation for 2018-19 ($ millions)

Proportion currently allocated

S.76(3)(a)

Community education, advice or information services

Nil

-

S.76(3)(b)

Programs that promote the ownership of real estate

Nil

-

S.76(3)(c)

Training of estate agents and agents' representatives

0.3

100%

S.76(3)(d)

Dispute resolution and advocacy services

Nil

-

S.76(3)(e)

Reviewing, reforming or researching the law and procedures or reviewing and researching the markets for real estate

Nil

-

S.76(3)(f)

Projects facilitating the registration of interests in land or the compilation of other information relating to the ownership or use of land

Nil

-

S.76(3)(g)

Housing assistance for low income or disadvantaged Victorians

23.4

70%

S.76(3)(h)(i)

Development of environmentally sustainable housing

0.8

0%

S.76(3)(h)(ii)

Protection of natural and architectural heritage

0.5

100%

Previous grant recipients

Note: Value is reported exclusive of GST as representing the net cost to the Fund.

Grants approved in 2017-18

Grant recipient

Value approved (excl. GST)

Description of funded program

Unison Housing Ltd $230,000 Environmentally sustainable improvement project
Community Housing (Vic) Ltd $256,000 Environmentally sustainable improvement project
Housing Choices Australia $177,512 Environmentally sustainable improvement project
South Port Community Housing $95,000 Environmentally sustainable improvement project
South East Housing Cooperative $518,505 Environmentally sustainable improvement project
HousingFirst (Port Phillip Housing Association) $6,888,840 Affordable housing development at St Kilda
Unison Housing Ltd $5,000,000 Affordable housing development at Footscray
Community Housing (Vic) Ltd $2,800,000 Affordable housing development at Lynbrook
Women's Housing Ltd $2,081,698 Affordable housing development at Bayswater
Victorian Women's Housing Association $1,335,000 Affordable housing development Pakenham
Housing Choices Australia $1,561,070 Affordable housing development at St Albans
Launch Housing Ltd $3,000,000 Affordable housing development - transportable modular housing across Victoria
Loddon Mallee Housing Services (Haven) $2,780,000 Affordable housing development at Bendigo
Rural Housing Network (Beyond Housing) $2,017,000 Affordable housing development at Mitchell Shire

Community Housing Federation of Vic $100,000 Energising the Community Housing Sector - Project Facilitation and Support Service 2017-19
Real Estate Institute of Victoria $264,062 Professional Development 2017-18
Australian Livestock and Property Agents $174,340 Professional Development and Education 2017-2020

 

Grants approved in 2016-17

Grant recipient

Value approved (excl. GST)

Description of funded program

Rural Housing Network

$1,173,900

Affordable Housing Developments at Wodonga and Shepparton

Wintringham Housing

$795,000

Affordable Housing Development at Heathcote

Port Phillip Housing Association

$8,000,000

Affordable Housing Development at City Gate Apartments St Kilda

Housing Choices Australia

$4,952,100

Affordable Housing Development at Newport and Dandenong

Heritage Victoria $1,500,000 Boost to Living Heritage Grants Program 2016-19
Director of Housing $10,000,000 Rooming Housing Upgrades 2016-19

Total

$26,421,000