Rent Model Review

Overview

To help facilitate a Program discussion on the adequacy and equity of our rent model, an advisory group made up of co-op members is being established.

The objectives of the Rent Model Advisory Group (RMAG) are to:

  • ensure that the review of CEHL’s rent model includes appropriate, accessible and timely opportunities for Program participants to input and provide feedback into the review process

  • make a recommendation of a revised rent model to the CEHL Board that reflects feedback from Program participants and aligns with the Program Principles and Board non-negotiables.

We strongly encourage co-op members to apply for RMAG. You don't need any specific financial knowledge or expertise, just a willingness to work collaboratively on the development of a revised rent model.

Information on how to apply is available here and application forms are available here.

Applications close on 29 September 2017

For any assistance with applying, please contact Peter Sleeman on (03) 9208 0800.

Background

Funding arrangements for social housing providers have changed significantly since the establishment of the original CERC Housing Program. In particular, changes to the amount and frequency of capital grants from government and the change from rent rebates to a rent model that incorporated Commonwealth Rent Assistance (CRA) mean that Housing Associations like CEHL no longer receive any operational subsidies from government. The value of the capital investments by government over time means that CEHL does have an ongoing obligation to maximise affordable housing outcomes to eligible households. While CEHL will always seek to access subsidies that become available from time to time, it is important that the CEHL Co-op Housing Program can meet its affordable housing obligations and is viable without external subsidies.

In response to this, the CEHL Board has requested that CEHL undertake a Rent Model Review. This review will examine the current and possible alternative rent models and result in the recommendation of a rent model that best balances and reflects the Program Principles.

Overview

To help facilitate a Program discussion on the adequacy and equity of our rent model, an advisory group made up of co-op members is being established.

The objectives of the Rent Model Advisory Group (RMAG) are to:

  • ensure that the review of CEHL’s rent model includes appropriate, accessible and timely opportunities for Program participants to input and provide feedback into the review process

  • make a recommendation of a revised rent model to the CEHL Board that reflects feedback from Program participants and aligns with the Program Principles and Board non-negotiables.

We strongly encourage co-op members to apply for RMAG. You don't need any specific financial knowledge or expertise, just a willingness to work collaboratively on the development of a revised rent model.

Information on how to apply is available here and application forms are available here.

Applications close on 29 September 2017

For any assistance with applying, please contact Peter Sleeman on (03) 9208 0800.

Background

Funding arrangements for social housing providers have changed significantly since the establishment of the original CERC Housing Program. In particular, changes to the amount and frequency of capital grants from government and the change from rent rebates to a rent model that incorporated Commonwealth Rent Assistance (CRA) mean that Housing Associations like CEHL no longer receive any operational subsidies from government. The value of the capital investments by government over time means that CEHL does have an ongoing obligation to maximise affordable housing outcomes to eligible households. While CEHL will always seek to access subsidies that become available from time to time, it is important that the CEHL Co-op Housing Program can meet its affordable housing obligations and is viable without external subsidies.

In response to this, the CEHL Board has requested that CEHL undertake a Rent Model Review. This review will examine the current and possible alternative rent models and result in the recommendation of a rent model that best balances and reflects the Program Principles.

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  • Continue the discussion on the rent model review.

    What further information would be useful to allow you to participate in this process?

    Continue the discussion on the rent model review.

    What further information would be useful to allow you to participate in this process?

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