December 2015. Michael Lennon. Managing Director . Backdrop of long-run changes in the structure and dynamics of Australia’s housing system. Outline some potential solutions/interventions. Suggest new/emerging roles for the nfp sector . ID: 574689
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A way ahead for affordable housing?
December 2015
Michael Lennon
Managing Director
Slide2Backdrop of long-run changes in the structure and dynamics of Australia’s housing system
Outline some potential solutions/interventionsSuggest new/emerging roles for the nfp sector
Purpose
Slide3Slide4Slide5Slide6Slide7Slide8Slide9Slide10Slide11Slide12Slide13Slide14Slide15Slide16Slide17Housing as part of national and State/Provincial policy
Innovation – post commodities boomProductivity – the opportunity cost of displaced expenditure Welfare reform, contestability Labour market efficiency
The Road Ahead: Policy
Slide18Using our leverage capability
Engaging with financial markets:Rating Long-term debtUtilising under-capitilised assets Re-cycling capital Laying off risks
The Road Ahead: Capital Raising and Risk
Slide19n
o development marginno company taxno stamp duties no GSTphilanthropymunicipal relationshipsgovernment transfers …… whatever gets the financial model to work.
The Road Ahead: Playing to our strengths
Slide20
Target Product Homeless/risk of Social rental Disability/mental health Social rental Shared equity Affordable Sub-market rental Key workers private rental/portfolio management Vulnerable ageing life long lease?/DMF
The Road Ahead: Keeping to our Mission
Slide21Market
SalesShared Supported Accommodation Private Rental Social Rental Shared Equity
The Road Ahead: Creating Supply/Recycling
HCA
as
developer
HCA as
broker
HCA as
manager
HCA as
owner
HCA
as
funder
Slide22
3500 properties
$500m + net equity$7-8m p/a free cash7 offices100 + staffOperating in 4 StatesPoised for growth
Housing Choices Australia – 2008….today
Slide23The Merchant, Docklands
Slide24Drill
Hall, Melbourne CBD
Slide25The Mariner, Docklands
Forty two one bedroom & Forty three two bedroom apartments
Completion Date: June, 2011
Slide26Marshalltown Rd, Geelong
Four independent
living units and
three
shared units with 24 hour
care . Completion
Date: December 2013
Slide27Historical legacies
Merging Fiscal stimulus Transferred assetsBlended funding
HCA to date: driven by:
Slide28e
ver-escalating ambition if we are to make a material difference 3 mergers to date + Group Structure organisation with critical leadership governance capabilities flexible, nimble, open to possibilities
HCA: Key Steps in the journey
Slide29Canada and Australia
FederalismEconomiesHousing ChallengeAffordable HousingNo silver bulletNon-Profit Housing potential?commitment?capability?
Conclusion
Slide30Contact details:
Email: michael.lennon@hcau.org.au Website: www.housingchoices.org.au
Michael Lennon
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