Swing Property | Social and Affordable Housing
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Social and Affordable Housing

Category
Social Infrastructure
Commercial acumen to accelerate housing supply

Swing’s experience in the affordable and social housing market has developed an understanding of the market’s ability to leverage multiple funding sources to increase the supply of social and affordable housing outside of government grants.  Swing is providing the strategy for a comprehensive risk mitigated position for both developers and registered Housing Associations on several low to high density projects to leverage the Housing Association brand and create an increased supply of Affordable and Social Housing. Further, this experience is being used to advise industry groups such as the Victorian Affordable Housing Industry Advisory Group and the Department of Environment, Land, Water and Planning.

SECTOR
Affordable and Social Housing

VALUE
$3M – $200M

PROJECT TYPE

  • Strategic financial advice to industry bodies and registered Housing Associations
  • 150 dwellings bid under the Victorian Government Social Housing Growth Fund
  • 300 apartment project, Melbourne
  • 80 apartment project, Adelaide
  • Several low (townhouses) and medium density (40 apartments) projects
Insight

Based on Swing’s commercial acumen and understanding of the social and affordable housing sector, Swing was asked to provide expert financial modelling to the Victorian Affordable Housing Industry Advisory Group (VAHIAG) to test the following potential planning models:

  1. A priority or streamlined development assessment process;
  2. A density bonus provision through either additional floor area or a modification of other planning controls;
  3. An inclusionary zoning provision requiring a contribution of social and / or affordable housing stock upon rezoning of land.

Swing’s insight provided AHIAG with a basis for engagement with Government and other stakeholders to progress the development of planning-based approaches.  It specifically enabled VHAIAG to:

  • Inform and influence government decision making to ensure that affordable housing policies are viable and sustainable in the long-term, underpinned by an understanding of the market context, development feasibility and financing, and the principles of risk-adjusted return,
  • Be clear on how the cost of delivering housing is expected to be met.
  • Advocate for governments to provide the regulatory, policy and funding frameworks and investment that enable the development industry to co-invest and significantly increase the supply of affordable housing in Victoria.

For further insight or assistance, please contact Swing.

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