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INNOVATIVE AFFORDABLE HOUSING SOLUTIONS

Objective:

The following objectives apply to community housing:

  • Enhance the capacity of the community housing sector to deliver innovative affordable housing solutions;
  • Focus community housing sector as a provider of affordable housing for people on low to moderate incomes, particularly those who are not eligible for public housing;
  • Enhance the capacity of the community housing sector to deliver innovative affordable housing solutions.
Initiatives Achievements

Establish Community Housing Canberra as a not-for-profit entity independent of Government.

DHCS is developing a nationally consistent regulatory framework for the community housing sector through:

  • Participation in the work of the National Not for Profit Housing Sector Development Sub-Group; and
  • Consultation with community housing providers, peak bodies, CMD, Treasury and the Commissioner for Revenue.

The Revenue Legislation (Housing Affordability Initiative) Amendment Act also introduces new provisions in the Duties Act, the Rates Act and the Land Tax Act that provide for organisations such as CHC Affordable Housing to be exempt from the payment of duty and land tax, as is the case with Housing ACT.

Increase the asset base of Community Housing Canberra by around $40 million by transferring title to 135 dwellings and also provide a $3 million capital injection.

The CHC asset base has been expanded by $40 million with the transfer of 132 properties from Housing ACT and another three properties in the process of being transferred.

Provide a revolving finance facility of $50 million to Community Housing Canberra.

The ACT Government and CHC Affordable Housing have entered into an agreement for a $50 million revolving finance facility to enable 1,000 new affordable dwellings within 10 years.