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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
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
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
