Crisis has held talks with property developers, corporate firms and government officials after receiving a high-profile donation of £3.6 million from Pink Floyd guitarist David Gilmour.
Gilmour injected the cash from the sale of a house in London to kick-start a Crisis project in London to replicate New York's 'urban village' for homeless people.
Crisis has said it needs up to £50 million to house 400 residents in a project which will include on-site mental health services and 50 homes for key workers. A commercial element could see cafes and restaurants open, including franchises such as Starbucks.
Last week, the charity held a private lunch with key figures that could offer help with fundraising and identifying a suitable site.
Gilmour's donation is the first instalment of the £50 million needed for the project, with a further £10 million expected to come from fundraising.
The rest will be sought from statutory sources.
- See Why I Give, p7.