Loading
Australian Catholics to build affordable housing for mortgage crunch
Facebook Twitter Google+ Pinterest Addthis

.- In an effort to alleviate housing problems in the Australian southeast state of Victoria, Catholic and other church charities are seeking approval to become developers and operate housing associations, The Age reports.

The charities say that they want to use prime real estate that they own to develop affordable rental homes for the needy.  Up to 300,000 Australians are at risk of losing their homes this year by defaulting on their mortgages.  750,000 households are estimated to struggle to pay food and essential service bills.

Martin North, an analyst with Fujitsu Consulting, linked the housing problems to an expected interest rate increase at the Reserve Bank of Australia.

"This is a problem that is now hitting middle Australia … Rates will go up by another 0.5% to 1% over the year, so people who are in an already fragile position are going to be hard-hit," he said, according to The Age.

The Catholic-affiliated St. Vincent de Paul Society, Unity church-associated UnitingCare Victoria, and the Salvation Army want to develop land owned by their churches, including city properties and large tracts of land.  The St. Vincent de Paul Society has land and property in Victoria worth at least $57 million, and hopes to partner with the Catholic Church in Victoria and others to acquire surplus property for development.

Ads by AdsLiveMedia(What's this?)

* The number of messages that can be online is limited. CNA reserves the right to edit messages for content and tone. Comments and opinions expressed by users do not necessarily reflect the opinions or beliefs of CNA. CNA will not publish comments with abusive language, insults or links to other pages

RESOURCES »

Ads by Google (What's this?)

Featured Videos

An Indian contribution to the Vatican's Synod on the Family
An Indian contribution to the Vatican's Synod on the Family
Christ Cathedral CNA video Sept 2014
Alejandro Bermudez of CNA accepts ice bucket challenge
'The Real Albania,' remembering those who fled
Pope Francis in Albania, "one of the most important visits of the post-communist era in Albania"
Pope Francis greets paralyzed man who risked all to see him
Franciscans on the banks of the Tiber in Rome, working for the New Evangelization
Pilgrimage from Czech Republic to Assisi and Rome for intentions
Testimony of young Indian who met Pope in Korea
Preparations of the Closing Mass of 6th Asian Youth Day
Missionary of Charity, Korea
Testimony of Christian Love during Pope's Visit to Korea
Religious Sisters in South Korea react to Pope Francis kissing a baby
Warm atmosphere during Holy Mass at Daejeon World Cup Stadium
Images inside Pope Francis flight to South Korea
The tombs of the early Christians
Missionaries of Africa, called "the White Fathers"
Italian youth give testimony after mission to Peru
Interview with Iraqi Ambassador to the Holy See on the persecution of Christians
New book 'The Vatican unknown'
Oct
24

Liturgical Calendar

October 24, 2014

Friday of the Twenty-Ninth Week in Ordinary Time

All readings:
Today »
This year »

Catholic Daily

Gospel of the Day

Lk 12:54-59

Gospel
Date
10/24/14
10/23/14
10/22/14

Daily Readings


First Reading:: Eph 4: 1-6
Gospel:: Lk 12: 54-59

Saint of the Day

St. Romuald »

Saint
Date
10/24/14

Homily of the Day

Lk 12:54-59

Homily
Date
10/24/14
10/23/14
10/22/14