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Published byAlexia Gibson Modified over 6 years ago
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‘Australia’s Social Housing System is Broken’ Productivity Commission - March 2018
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Most public housing development post WW2 as housing for workers
Community housing – where did we come from? Most public housing development post WW2 as housing for workers Community housing grew from grass roots activism eg co-ops & rooming houses By 90s, community housing was becoming more business-like and growing Late 90s public housing introduced more targeting Early 2000s housing regulation caused sector consolidation large investment in community housing
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Community housing now owns and/or manages just on 83,000 rental units
Community housing – what do we look like now? Community housing now owns and/or manages just on 83,000 rental units 1 in 5 social housing properties are managed by NFP Own and/or manage $30b real estate Generates about $700m in rental income pa Largest CHO has over 11,000 properties Multi-jurisdictional providers Expansion in product offerings
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INCREASING CAPACITY The sector has demonstrated its capacity to house Victoria’s most disadvantaged – with some becoming developers in their own right
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The demise of public housing
‘The key public housing challenges we identified in 2012—financial sustainability that is managed using short-term approaches, ageing stock and growing demand that cannot be fully met within existing resourcing levels—have persisted.’ VAGO
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Social housing as a proportion of all housing stock
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Demand outstrips supply with over 150,000 on the waiting lists
Community housing as the growth vehicle Demand outstrips supply with over 150,000 on the waiting lists 400,000 households eligible for social housing but cannot access it Government begrudgingly annoints community housing as the growth vehicle without clear role statements Transfers risks and liabilities to the sector
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New funding mechanisms
Community housing as the growth vehicle New funding mechanisms Low cost loans/bond aggregator Annual subsidies rather than grants NDIS housing CHOs need to diversify to remain financially viable and relevant Property development including market sales Real estate services Property management services for private parties Social enterprises eg maintenance services
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