HomeGround Real Estate launched recently and plans to manage 100 houses and units at market rental, 50 properties of reduced-rent housing and 16 properties of rent-foregone housing by the end of 2014.
It is a social enterprise that will provide expert property and tenancy management services to investors and socially minded property owners in Melbourne. Proceeds from the venture will be reinvested into assisting a growing number of individuals and families who are homeless or at risk of homelessness and rely on HomeGround for housing and support services.
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