affordable

Affordable Housing

Affordable Housing is designed to be more financially accessible for low-to-moderate income earners. This form of housing can be provided through government programs, non-profit organizations, and private developers, and is typically aimed at individuals and families who might struggle to afford private market rentals or home ownership.

Key characteristics of affordable housing typically include, but are not limited to, below-market rent prices, renter eligibility requirements (such as income thresholds and residency criteria), long-term stability for tenants, and limited rent increases.

How we deliver Affordable Housing

HHR remains committed to measuring and enhancing service outcomes for both investors and tenants to improve access to affordable housing across Australia. All profits are reinvested into affordable housing initiatives through its parent company, Community Housing Limited (CHL), providing affordable rental housing for low-to-moderate income individuals who are unable to secure long-term affordable housing or are disadvantaged by the private rental market.

Where we deliver Affordable Housing

HHR has delivered affordable housing programs and tenancy management services across different projects, most notably:

National Rental Affordability Scheme – NRAS offers housing to eligible renters at 80% of the market rate, while federal and state governments provide incentives to property owners. HHR collaborated closely with another CHL subsidiary, AAHSL, which assisted in managing ongoing property and renter compliance under this Scheme.

Hundred Hills Estate Program – HHR managed these properties under an affordable housing program that closely adhered to guidelines similar to those of NRAS. The properties are offered to eligible renters at 74.9% of the market rent.

Ground Lease Model 1 – These developments are mixed-use, with a portion designated as affordable housing. The guidelines align with the criteria established by Homes Victoria, and eligible renters are offered these properties at 74.9% of the market rent.