The Clarence Valley in the North Coast of NSW has a new community resource with the addition of fourteen (14) long-term affordable housing properties being developed and managed by Community Housing Limited (CHL) that will benefit the community for the long-term. Funded under the Australian Federal and NSW State Government’s Social Housing Growth Fund these properties are located at Grafton and have been developed in close partnership with Clarence Valley Council and Housing NSW (HNSW).
CHL welcomed the NSW Minister for Finance and Services, Hon Greg Pearce who officially opened the six Pullen Close properties, one of three sites developed and managed by CHL in the Grafton area in the presence of other guests including the Mayor of Clarence Valley, Richie Williamson, Clarence Valley councillors, members of HNSW and the local residents. These 14 dwellings comprise of units, townhouses and houses including one, two and three bedrooms and are offered to low to moderate income families preferably with links to the local area at 60-75% of the market rent.
“For me its the affordability along with the security of long term tenancy which alleviates any psychological stress from uncertainty”, says Avery Brown, one of the Pullen close residents. According to him another positive is the knowledge that there are people in the community organisations that do care. “Having a stable secure housing means I can concentrate on participating in my voluntary role in the community upon retirement”, he adds.
CHL’s Managing Director Steve Bevington says, “outcomes such as this are typical of the CHL resident experience across the country – a greater sense of personal and financial security, participation in the community, and easy access to public transport, schools, shops and hospital.”
This sentiment is echoed by the Mayor of Clarence Valley, Richie Williamson, who says , “14 new rental homes is a great outcome for local residents to reduce their housing stress. Also local tradesman benefited from this economic boost during the building industry downturn”.
“CHL has funded these properties through a mix of its own funding (through debt) together with funding contributions from the local Council, State and Federal Government in the form of land contribution, discounted land sale, capital grants and National Rental Affordability Scheme (NRAS). The majority of the properties are owned by CHL, which will allow us the ability to leverage these properties to build additional homes. Clarence Valley Council retains a share in portion with the value of contribution given to the project”, says CHL Managing Director, Steve Bevington.
“The outcome of this asset leverage strategy is that local communities across NSW will collectively gain hundreds of new affordable homes that will be a long- term stable and well-maintained housing resource for local tenants on low to moderate incomes. One of the keys to CHL’s success is its belief in building strong partnerships and undertaking new initiatives and these homes are a shining example of the strong partnership we have developed with the local Clarence Valley Council and all levels of the government,” says Mr. Bevington.
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Preeti Daga t 0430 555 241 e email@example.com