The A25 Model

A coordinated framework that integrates land, capital and governance — so affordability is embedded from the outset and structurally protected across generations.

Our model

Building the financial and governance rails for a housing system designed to last.

Philanthropic capital enters the system once and keeps working — the A25 Foundation funds early-stage projects, gets repaid, and redeploys into the next. The Bond Facility scales that base into senior project funding, creating a reinforcing cycle where every dollar of seed capital unlocks significantly more in private finance.

Seed capital is not spent once. It becomes catalytic infrastructure.

Housing pathways

Three pathways to affordable housing

A25 delivers housing through three structured pathways — each grounded in transparent costs, disciplined margins and long-term stewardship. The right pathway depends on the land, the community and the project context.

Leasehold Pathway

A 99-year leasehold where land is retained by council, church or long-term custodian. Homes are sold independently of the underlying land.

Indexed ground rent provides stable income for landowners with no upfront capital required. At lease expiry, land is reassessed to meet future community needs.

Freehold Pathway

Delivered by a registered not-for-profit with charity-backed concessional finance. Homes are sold on a transparent cost-plus-capped-margin basis.

Eligibility and resale controls protect long-term affordability — freehold ownership without excessive profit extraction.

Build to Rent Pathway

High-quality rental housing delivered on partner land, structured for institutional or impact-aligned capital.

Targeted to moderate-income households and essential workers, with embedded affordability and governance protections.

Finance infrastructure

Capital designed for stability, not speculation

A25 designs and aligns every layer of project finance. Capital deployment is overseen by an independent Investment Committee with infrastructure, property and finance expertise.

The A25 Social Infrastructure Bond Facility
Bond-funded senior capital provides scalable access to long-term debt — a pathway beyond conventional project-by-project bank lending. Lower upfront equity requirements and stable, impact-aligned returns for capital partners.

Charity-backed mezzanine and bridging finance
Through the A25 Foundation (DGR-registered), structured subordinated capital supports projects through feasibility and DA stages — where funding constraints are most acute. Capital is recycled when repaid, forming a revolving base.

First-loss protection
Philanthropic seed capital forms a protected charitable pool that absorbs early risk, provides credit strength for senior capital, and lowers overall financing costs — unlocking five to ten times its value in private funding.

Governance

The A25 Covenant Framework

Housing structure alone does not secure affordability. Capital must be structured. And governance must ensure it lasts across generations. Every A25 project operates under a binding covenant framework.

Income-based cost caps
Total housing costs are capped at 30% of eligible annual household income. This structure supports attainable home ownership for moderate-income households and essential workers.

Regulated resale and rent controls
Leasehold homes use depreciation-based pricing linked to construction value. Freehold homes operate under indexed, capped appreciation. Build-to-rent homes operate under indexed rent caps and defined lease duration controls.

Allocation by lottery, not price
Where demand exceeds supply, allocation is through transparent lottery. Eligibility is income-based. Housing allocated by need, not by wealth.

Independent certification and renewal
Projects are subject to independent certification, ongoing compliance monitoring by A25 Foundation, and defined renewal mechanisms embedded within the A25 Structured Tenure and Renewal Framework.