Lendlease will direct part of the sale price of every new residential dwelling and land lot in Australia towards its new philanthropic initiative, Lendlease FutureSteps.
Lendlease FutureSteps is aimed at addressing and helping prevent homelessness in Australia. Lendlease Foundation will contribute $500,000 in seed funding to establish FutureSteps. It is expected that FutureSteps’ funds will grow to more than $10 million in the next five years.
“FutureSteps will be an enduring initiative, grounded in the belief that everyone in society should have access to safe and secure housing,” said Lendlease Property CEO, Kylie Rampa.
“Lendlease founder, Dick Dusseldorp, was one of Australia’s first business leaders to identify the need for companies to justify their worth to society by placing a greater emphasis on environmental and social outcomes rather than straight financial ones. FutureSteps is entirely consistent with this aspiration.”
In practical terms, this will see Lendlease contribute 0.1% of future sales revenue from all new residential dwelling and land lots in Australia to fund the program. These funds will support established charities and community organisations to deliver shelter and housing projects, including support services, skilling, training and jobs programs.
The fund will be independently managed by Bendigo and Adelaide Bank’s Community Enterprise Foundation™, which provides an established foundation structure to support charitable causes.
FutureSteps’ first project will assist Platform Youth Services, a Western Sydney not-for-profit youth accommodation service. Established in 2013, Platform Youth Services supports young people with a history of homelessness and disadvantage to receive the education required to succeed in adulthood.
Under the partnership, FutureSteps will co-fund the refurbishment of a house in Penrith to accommodate six to eight students studying secondary or tertiary education. It will also provide much needed funding to support these students so they can achieve the qualifications and skills required to succeed in adulthood.
Lendlease employees will also donate their skills and time to assist with the building’s upgrade as well as connecting students to employment opportunities through the organisation’s existing Western Sydney programs.
FutureSteps’s program with Platform Youth Services will commence ahead of a broader rollout with other charities and community programs scheduled for 2019. Lendlease plans to work with relevant charitable peak bodies to identify opportunities to allocate funding.
For more information about FutureSteps, please visit www.futuresteps.com.au.