How we evaluate products
Responsible Investment strategies, processes, practices and disclosures are assessed against the eight criteria for product certification in the Responsible Investment Standard and accompanying Guidance and Assessment Notes.
What this symbol means
General certification: This Symbol signifies that a product or service offers an investment style that takes into account environmental, social, governance or ethical considerations, and that it adheres to the operational and disclosure practices required under the Responsible Investment Certification Program for the category of Product.
Sustainable Plus classification: This Symbol signifies that a product or service has been certified and classified to offer an investment style that takes into account environmental, social, governance or ethical considerations, with embedded, measurable and reported sustainability objectives aligned with portfolio holdings and stewardship practices, adhering to the operational and disclosure practices required under the Responsible Investment Certification Program for the category of Product.
<span class="text-size-xxsmall">The content on this webpage is provided by Responsible Investment Association Australasia Ltd (ACN 641 046 666, AFSL 554110). For more information refer to our Financial Services Guide. Certain content provided may constitute a summary or extract from the offer document of a financial product. Any general advice has been provided without reference to your investment objectives, financial situation or needs. If the advice relates to the acquisition of a particular financial product for which an offer document (such as a product disclosure document) is available, you should obtain the offer document relating to the particular financial product and consider it before making any decision whether to acquire the product. Past performance does not necessarily indicate a financial products’ future performance. To obtain information tailored to your situation, contact a financial adviser.</span>
Themes & Issues
Society
Environment
<span class="text-size-xxsmall">For RIAA’s definitions of the themes included and issues avoided, please view this guide. Product-specific exclusion criteria and practices may vary. You can find these by referring directly to the product provider.</span>
Overview
The Fund will seek to acquire a portfolio of equity interests in high-quality, geographically diversified owner-occupied residential property located throughout Australia. The asset focus will be on residential real estate which will position the Fund to capture long term capital growth due to favourable long-term demand and supply drivers.
The equity contributions made by the Fund towards residential properties will be made for the benefit of Australian essential services workers seeking to purchase owner-occupied properties, enabling them to live closer to where they work, reducing stress and improving wellbeing and family stability.
Description
By co-investing with owner-occupiers, HOPE Housing seeks to generate capital growth portfolio returns in excess of those provided by the broader Australian residential real estate market, without the property-related overheads associated with being a landlord.
This is achieved through an asset selection process that considers a range of factors such as geographical spread, property type and quality, property location and purchase price, to build a portfolio of out-performing residential property assets. Description
Compelled by its mission to “deliver homeownership help to everyday heroes”, HOPE Housing is a not-for-profit enterprise that believes investors can both contribute to and benefit from the provision of a solution to the homeownership affordability problem in Australia.
By creating a shared equity partnership with essential workers, the HOPE Fund provides returns that are driven by house price appreciation. It also delivers a significant social dividend to the homeowners and the broader community, by enabling these workers to live closer to their place of employment.
HOPE Housing was founded in 2018. Since its establishment, a capable management team has successfully put in place the legal and operational aspects to make the Fund investment-ready. Over the course of the past 36 months, catalytic investments from The Vincent Fairfax Family Foundation, Chatleigh Foundation, The Paramor Family Foundation and other High Net Worth families, have enabled the Fund to house its first 36 essential workers via shared equity arrangements.
The organisation is overseen by a voluntary Advisory Board, comprising highly credentialed people from the investment industry including from private equity, property, superannuation, and funds management.