A way ahead for affordable housing?
45K - views

A way ahead for affordable housing?

Similar presentations


Download Presentation

A way ahead for affordable housing?




Download Presentation - The PPT/PDF document "A way ahead for affordable housing?" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.



Presentation on theme: "A way ahead for affordable housing?"— Presentation transcript:

Slide1

A way ahead for affordable housing?

December 2015

Michael Lennon

Managing Director

Slide2

Backdrop 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

Slide3

Slide4

Slide5

Slide6

Slide7

Slide8

Slide9

Slide10

Slide11

Slide12

Slide13

Slide14

Slide15

Slide16

Slide17

Housing 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

Slide18

Using 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

Slide19

n

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

Slide21

Market

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

Slide23

The Merchant, Docklands

Slide24

Drill

Hall, Melbourne CBD

Slide25

The Mariner, Docklands

Forty two one bedroom & Forty three two bedroom apartments

Completion Date: June, 2011

Slide26

Marshalltown Rd, Geelong

Four independent

living units and

three

shared units with 24 hour

care . Completion

Date: December 2013

Slide27

Historical legacies

Merging Fiscal stimulus Transferred assetsBlended funding

HCA to date: driven by:

Slide28

e

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

Slide29

Canada and Australia

FederalismEconomiesHousing ChallengeAffordable HousingNo silver bulletNon-Profit Housing potential?commitment?capability?

Conclusion

Slide30

Contact details:

Email: michael.lennon@hcau.org.au Website: www.housingchoices.org.au

Michael Lennon