To continue to drive investment, stimulate our economy and improve housing conditions for Territorians, the Territory’s Labor Government is developing a new model of social and affordable housing.
Currently, the territory has an aging public housing stock and there is a great opportunity to realize economic benefits from large-scale transfers to the community housing sector to enable asset renewal and community regeneration, which aims to improve housing outcomes for social and affordable housing tenants. and neighboring towns.
This year, the Territory Government released the Community Housing Growth Strategy Discussion Paper 2021-2030 seeking input from key stakeholders on promoting the growth of the sector in the Northern Territory.
The Community Housing Strategy Modeling tender has now been awarded to the Paxon Group, which has a presence in the Northern Territory and specializes in innovative models of financing and operating social and affordable housing. Paxon Group brings deep expertise in the community housing sector, high level financial and modeling capability and an understanding of the unique context of the Northern Territory through consultation and previous work in the indigenous community housing sector.
This work will provide critical analysis to support the design of a housing reform program on a scale and at a pace never before seen in the Territory, and will:
Model up to 40% or 2,500 urban public housing units transferred to the community housing sector within eight years; Produce delivery models that maximize opportunities by combining transfers with land for development or redevelopment, cash grants and head lease transfer programs; andTake advantage of other opportunities for Territorians under the National Housing Finance and Investment Corporation.
The results of the analysis will inform the Community Housing Growth Strategy to be released in the coming months.
Quotes from Territorial Families and Urban Housing Minister Kate Worden:
“Finding new and innovative ways to revamp our public housing model that supports jobs, tenants and local communities is a win for the territory.
“Across the territory, nearly 1,000 units are managed by community housing providers. It is important that we continuously review our social housing assets and see how sites can be redeveloped or managed to deliver the best results for tenants and communities.
“This contract is another step towards developing the Community Housing Growth Strategy to drive reform and growth and ultimately deliver better outcomes for tenants and communities.
“The results of the modeling will be key to informing the scale and timing of transfers from public housing to the community housing sector and how best to use the National Housing Finance and Investment Corporation fund.”
Northern Territory Government