Powerhousing Australia – Australian Affordable Housing Report 2020-2021
In the GFC, social housing and affordable stimulus took up a lot of the slack when the market was unable to respond. It was quick to reactivate the residential activity when new home buyers and demand just weren’t there.
CHPs at scale are not-for-profits, focused on providing social and affordable housing for large numbers of low to moderate income earners particularly in times of increased demand and crisis such as COVID-19. They are both financially literate, responsible and capable of executing plans to achieve financial outcomes, evident by the expertise and career stories of the CEOs, CFOs, COOs, and development/asset executives.
Scale CHPs can act as a shock absorber to meet social housing demand and underpin residential delivery to:
- Complement government policies to increase home ownership and reduce rental stress for all Australians.
- Support investment from super funds, institutional investors in equity fund structures that will provide stable long term Government backed AAA returns through periodic downturns and can take a lead role in identifying and progressing projects which access the fund.
- Assemble projects, including matching subsidy to outcomes using levers such as concessional land access, planning gains, tax concessions and (if and where available) revenue enhancement or support from Government.
- Stimulate maintenance programs to activate thousands of trades workers.
- Can play a role as a component of demand for 10-30 per cent in a development.
- Reduce the severity of the downturn with community housing ready to provide up to 30,000 dwellings that could be built to support 1.29 million trade engagements.
- Always play a role where the market can’t.
Source: Powerhousing Australia: Australian Affordable Housing Report F2021
