National Shelter’s Post

Tender surge: Community housing providers want a greater allocation of funds after an overwhelming response to the the first round that closed last week. But state, territory and local governments also made bids, as did hopeful fund managers for funds aimed at driving the development of 40,000 new affordable and social homes over 5 years. #affordablehousing #financing #propertydevelopment https://lnkd.in/gYy47cTN

🚨 NSW is falling behind in social and affordable housing investment, and it's time for change.   One year into the Minns Government, and despite having the longest social housing waitlist in the country, with nearly 58,000 families and individuals waiting, NSW remains one of the lowest investors in social housing.   The upcoming State Budget presents a golden opportunity for the NSW Government to invest in the social and affordable housing that our state desperately needs. Recent modelling we’ve commissioned from SGS Economics shows that by investing $2 billion per year for the next five years, the NSW Government could: ✅ Build 25,000 social and affordable homes across Greater Sydney and regional NSW  ✅ Save up to $1 billion by partnering with community housing providers to deliver half of these homes   NSW has the largest and most capable community housing industry in Australia. By partnering with not-for-profit community housing providers, the government can build more homes for less and provide more families with the homes they need 🤝   The people of NSW put their trust in the Minns Government one year ago. It's time for the government to repay that trust and make a bold investment in social and affordable housing. You can read more at: https://lnkd.in/gH5dFeGk  

Can we assist in solving this crisis by fast listening for the Premier NSW call? "Speed to market "the market opportunity. Over 2m "baby boomers" (mostly mortgage-free) are looking for downsizing options in the suburbs they love, which can free up vast numbers of family dwellings for the open market. Our "Thrive Alliance" Cross-Laminated Timber (CLT) in Australia and Internationally is made from renewable plantation forest trees. CLT=stored carbon capacity is up to 40,000 "residential grade" midrise apartments per year, targeting the "Baby Boomers" and "Essential Workers" including social housing on a scale (including disability workers) across Australia, including Regional Australia, built in up to 75% less time than current custom construction methods, in excellent designs, detailing and finishes with almost zero waste of valuable building materials. The concept below in CLT is an affordable, walkable urban village with a sense of community where people can look out for each other near Railway Stations, Tram stops, Jobs, shopping, Schools, Hospitals, and amenities. https://lnkd.in/gWyWuHD [email protected] #sydney

📢 The Autumn 2024 Budget: Transformative Updates for Land Development, Affordable Housing, and Renewable Energy 📢 The Autumn Budget has delivered notable updates for the land acquisition sector, reshaping opportunities in housing, development, and sustainable initiatives. Over the next few days, we’ll dive into these impactful announcements, starting with affordable housing: Affordable Housing in the Autumn 2024 Budget – A Promising Start or Still Falling Short? With housing affordability high on the agenda, the Autumn 2024 Budget has introduced new measures to tackle the UK’s housing challenges and support communities. 🏠 Building 1.5 Million Homes – The government has launched several initiatives, including the National Planning Policy Framework consultation, the New Homes Accelerator, and the New Towns Taskforce, all designed to drive housing development. A proposed ‘brownfield passport’ could also help fast-track approvals for suitable projects, increasing efficiency. 🏡 Expanding Affordable Housing – An extra £500 million is being invested in the Affordable Homes Programme, bringing the total to £3.1 billion and enabling the construction of up to 5,000 more affordable homes. Phase 2 of the Spending Review will detail further grant investments for social housing providers, ensuring this funding supports diverse housing needs and prioritises homes for social rent. 💷 Supporting SMEs and Build to Rent – With an additional £3 billion in housing guarantee schemes, this budget boosts access to low-interest loans for small and medium-sized developers and the Build to Rent sector. This support could bring critical new housing to the market and empower local developers. 🔄 Right to Buy Adjustments – Local councils now have more flexibility, as Right to Buy adjustments will allow them to reinvest proceeds directly into social housing. This reinvestment will improve and expand the housing stock for communities in need. ⚖️ Stabilising Rent Costs – A five-year social rent cap at CPI +1% aims to provide stability for renters and enable housing providers to plan for the future, setting a solid foundation for affordable housing projects. As housing needs grow, these initiatives mark a promising start. However, meeting the demand will be challenging. 💡 What do you think? Should the government focus more on affordable housing grants, support for SMEs, or policy adjustments to boost housing? Let us know below 👇 #AffordableHousing #UKBudget2024 #HousingCrisis #SocialHousing

Interesting insights on the hottest question around town. 🔥 It was great to be able to assist many clients across the country in forming up proposals. Our multi-disciplinary team approach bought great knowledge and efficiency to the table. If I had a wish - it would be to ensure the priority groups are as important as the additionality. Oh! - don't forget about creating great places not just buildings. This needs to be factored into the investment decision. Here's hoping for a speedy review of bids. 🙏 #urbis#socialaffordablehousing

📢 Yesterday, DESNZ released the draft guidance for Wave 3 of the Social Housing Decarbonisation Fund. This is particularly relevant for local authorities. 🗓 The clarification period is open until June 3, 2024, allowing prospective applicants to seek further clarification and submit comments. 🌐 Interested parties have the opportunity to review the draft guidance and take advantage of this opportunity to engage with the process by submitting feedback here: [email protected]. 🔍 Read the draft guidance here: https://lnkd.in/gx-82z_m 

🏢 Investing in Affordable Housing: A New Approach 🏢 A new fund led by Turner Impact Capital aims to tackle the affordable housing crisis by preserving and developing affordable apartments across the U.S. As government subsidies for many projects are set to expire, the need for innovative solutions has never been greater. #AffordableHousing #ImpactInvesting #RealEstate #HousingCrisis #TurnerImpactCapital #CommonwealthLandTitle #CommercialRealEstate #TitleInsurance #RealEstate #MarketTrends https://lnkd.in/gZ_KfQcs

I want the community housing sector to grow and I want it to be a level playing field between Kainga Ora - owned by the government - and community providers. CHPs do a great job of providing housing for people in need and already operate around 13,700 social homes across New Zealand. While CHPs have been able to access Income-Related Rent Subsidies (IRRS) provided by the government since 2014, they often struggle to access finance that fairly reflects underlying risk for building social houses, while Kāinga Ora can access borrowing by the government. To help address this disparity and lower the cost of finance, the Government has directed officials to advance the following changes in the short-term: 1. Changes to contracts for new housing supply to make the IRRS revenue stream more attractive for investors and financiers 2. Increased use of leasing to provide social housing, in cases where leasing delivers value for money. 3. Capitalising part of the Operating Supplement currently paid to CHPs for new housing developments, to be paid upfront when contracts for new social housing are agreed. The Government is also committed to exploring a credit enhancement intervention for CHPs so that they can access suitable debt. Over the next three to four months, the Government will consider a range of options to support CHPs’ access to debt on terms reflective of their real risk and circumstance. These options could include providing direct lending or guarantees to CHPs, establishing a Crown intermediary to provide financing efficiencies, or providing lending or guarantees to a private lender. CHPs having access to finance that is not unnecessarily restrictive will give them a stronger economic case for building more social houses, and makes progress toward CHPs and Kāinga Ora working on a level playing field to deliver social housing.

Enclosed is Decree No. 100/2024/ND-CP dated July 26, 2024 regulating some provisions of the Housing Law concerning the development and management of social housing, with the following highlights: (i) Conditions for receiving social housing support policies: - Income conditions: + Single applicants: Monthly income ≤ 15 million VND; + Married applicants: Combined monthly income ≤ 30 million VND; + Poor or near-poor households: Applicable to rural areas or regions affected by natural disasters/climate change, or urban areas as per government standards. + Military and police personnel: Includes officers, professional soldiers, non-commissioned officers, and defense workers, with specific income conditions per Article 67 of Decree 100/2024/ND-CP. - Housing Conditions: Applicants and their spouses (if any) must not own any housing at the time of application, verified by the absence of their names on property ownership documents in the centrally-run cities where the social housing project is located. (ii) Investor incentives for social housing construction projects: - Profit margin: Investors can earn up to 10% profit on the total construction investment cost for social housing projects. - Loan limits: For social housing intended for sale or lease-purchase, the maximum loan amount is 70% of the total project investment or the capital use plan and must not exceed 70% of the value of the collateral. Meanwhile, the rate is 80% for social housing intended for rental purposes. - Loan terms: The maximum loan terms for housing intended for sale, for lease-purchase and for rental purposes  are respectively 10 years, 15 years and 20 years. - Loan interest rates: The preferential interest rate is up to 120% of the rate for individual borrowers from Vietnam Bank for Social Policies (VBSP). Overdue interest rate is 130% of the loan rate. (iii) Procedures for renting and lease-purchasing social housing  - For social housing projects funded by public investment: + Application: Submit 1 set of documents directly to the provincial housing management authority or the housing management unit as designated by local authorities. + Selection process: If the number of valid rental applications exceeds the number of available social housing units, a draw will be conducted to select tenants, except when the project includes priority groups as per point d, Clause 1, Article 79 of the Housing Law. - For social housing projects funded by non-public investment: + Application: Applicant should submit their documents directly to the project investor. + If there are no available units in the project, the investor must provide a written explanation and return the application to the applicant. The applicant can then submit their application to a different project. + The project investor must publicly display a list of sold units (those with signed contracts) and remaining units to inform the public. -------------------- #VSE #VSE_LAWYERS

With the critical shortage of housing across the nation, the Australian Government has released a series of development initiatives to expedite affordable and social housing developments, including the Affordable Housing Aggregator Bond (AHAB). AHAB is an interest only, fixed rate government loan for a minimum value of $5 million intended to encourage development in the sector. To be eligible for the AHAB, developers must be linked with a Community Housing Provider but unlike their other funding initiatives, there is no timeline or closing date for submissions with AHAB. This means developers have time to plan new social and affordable housing projects and still apply for the loan, which can be used for a range of purposes, including: ·        Purchasing or constructing new housing ·        Maintain existing housing supply ·        Refinancing to an interest only loan ·        Buying land ·        Remediating land (i.e. fixing contaminated soil) ·        Transaction costs (i.e. stamp duty) ·        Design and professional fees ·        Construction costs ·        Capitalised interest. Interested in learning more? Contact us today or read our blog for more information on accessing a different source of funding for your affordable or social housing project.   #AffordableHousing #SocialHousing #PropertyDevelopment #PropertyDeveloper #HousingSupply https://lnkd.in/gk9ffKT8