Royal Australian Air Force Veterans' Residences Trust Fund

RAAF Veterans' Residences Trust was established by a for the purpose of providing residences for former members of the Air Force and their families who are in necessitous circumstances. The capital of the Trust was created from a prize captured by Commonwealth Air Forces during World War II. The Air Force share of the prize money amounted to $458,000. Over the years, this money has been invested and applied to obtain 76 residences throughout Australia. They are located in: Brisbane, Sydney, Melbourne, Adelaide and Hobart. The residences generally comprises a one or two-bedroom unfurnished but self-contained unit.