The ventures have been made possible by the State Government’s Social and Affordable Housing Fund (SAHF) initiative.
The fund was set up with $1.1B in seed capital from government to be invested through the NSW Treasury Corporation.
The first phase of the program, announced in March, will see five Community Housing Providers (CHPs) supply an additional 2,200 affordable and social housing homes.
Now a second phase to deliver a further 1,200 affordable and social homes has been announced and Pacific Link Housing is keen to form collaborative partnerships leading to land acquisition and development with PLH providing long-term tenancy management and tenant support services over contracts of up to 25 years.
“The SAHF makes it possible for Government to move from building and owning social housing to funding CHPs and their partners to supply housing and tenancy services under long term contracts,” Pacific Link’s CEO, Daphne Wayland said.
“This is a terrific opportunity for LGAs, the private sector, and community housing providers like Pacific Link to work together in unlocking land supply, providing and managing new housing for the region,” she said.
New projects like the recently completed Studio Apartment development delivered by Pacific Link and JV partner Evolve Housing in Woy Woy have already signalled a major shift in affordable and social housing.
The Government is now actively seeking bids from partnerships including investors, developers and community housing providers – with expressions of interest to be lodged in May next year.
