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The following principles apply to the implementation of the Programs:
DCJ’s grant (The Grants) must be used for the social housing proportion of a project; CHP funds can be used for additional social and/or affordable housing to enhance the project’s financial viability as well as supporting integrated communities.
CHPs are required to contribute financial resources (equity, debt, land) and may also commit non-financial resources (e.g., the value of concessions and donations available to charities, the value of reduced or waived fees, and in-kind or cash donations) to the project.
Partnerships are encouraged between CHPs and others (i.e. developers, councils, support services, etc.) especially where they improve tenancy management, boost property viability and amenity, and strengthen tenants’ social outcomes. CHPs are expected to ensure that their partnerships have a sound commercial and service delivery basis.
The CHP will own the property and be responsible for all expenses. DCJ will register an Interest on title with any future dealings to be agreed by DCJ.
The size of the grant is not fixed, however, the programs intend to increase housing supply while also encouraging participation of all tiers of providers especially smaller and regional CHPs and also seeks to spread the benefits of the program across a larger number of providers and locations. Grant limits have been set between $500,000 and $5,000,000. DCJ reserves the right to vary the limits up or down to ensure that the programs’ objectives are achieved.
12 Apr 2024