Super housing partnerships to create affordable accessible housing
LOS ANGELES: New super housing partnerships are being created to underpin the delivery of affordable accessible housing.
In September, ANZ supported the launch of a new project by specialist affordable housing fund manager Super Housing Partnership (SHP) and their venture partner, Assemble.
SHP provides institutional investors with access to equity investments in new ‘build-to-rent’ housing projects with a focus on social and affordable housing.
ANZ partnered with SHP, Assemble, HESTA, Treasury Corporation of Victoria and Housing Choices Australia to deliver the project – which required no underlying government subsidy.
But what does this deal mean for those in need of an affordable rental?
In September, construction commenced on SHP’s first project located in Kensington just four kilometres from the Melbourne CBD – close to both public transport and employment opportunities.
For those most in need it means there will be 362 apartments across five buildings including 73 social, 73 affordable, 14 specialist disability accommodation and 202 private market rental homes.