Construction to start on development that focuses on delivering affordable housing

CHC welcomed new homeowners with a Tree Planting Ceremony to mark the commencement of construction at a new development in Moncrieff.

ACT Minister for Housing Yvette Berry MLA and Member for Yerrabi Suzanne Orr joined CHC in welcoming some of the new owners of the first release of the CHC affordable housing development.

The Moncrieff development is an important milestone for CHC, the government and its purchasers, many of which are current CHC tenants.

CHC sits on an insightful pivot of the affordable housing market through working with a range of individuals and families.

CHC will deliver 35 affordable homes on the Moncrieff site under the ACT Government’s Land Rent Scheme. The standard Land Rent Scheme assists owners by requiring just 2% of the unimproved value at the start of construction. CHC has built on the Land Rent Scheme with the aim of helping alleviate some of the financial pressures experienced while building a home, which can include the cost of construction, existing accommodation, living costs as well as Land Rent Scheme payments.

At Moncrieff, CHC has retained the land rent payments until settlement, meaning the purchaser will not have to make progress payments while homes are under construction. This extra assistance means reducing upfront costs of owning a home allowing CHC tenants, and others needing affordable housing, to get a foothold in the market.

CHC takes pride in the delivery of any home that provides the opportunity to achieve home ownership, Moncrieff is something very special. Of the 20 properties in the first stage released, 40% of purchasers were CHC tenants.

Zac Kilani will be one of the first buyers to take up residence on the Moncrieff block. His wife and four daughters attended the ceremony and were all involved in helping to plant the Japanese Oak, which the young Kilani girls will be able to enjoy for many years to come.

“We have wanted to buy a home for a long time. When you own your own house, you can plan for the future and we are excited to be able to do just that,” says Mr. Zac Kilani. “I have a big family of four daughters, so it’s not easy to find a new house.”

“The cheapest property in Canberra was still unaffordable for someone in the range of my income and CHC solved that issue for us. We are so glad that it is happening. We cannot wait to live in our own home.”

Over the past 10 years, CHC has worked closely and collaboratively with the ACT Government to create innovative, sustainable and affordable homes for rental and sale. Currently, CHC manages 415 affordable rental properties and has developed and sold 273 affordable houses in the Canberra community.

With a strong pipeline of new dwellings over the next few years, many of which will be affordable homes for the community, CHC will continue to look for new ways to enhance the lives of its tenants and the wider Canberra community.

Community, Property

Downer's Party at the Shops

Downer's Party at the Shops

Saturday 14 October shaped up to be a perfect day to celebrate the rejuvenation of the Downer Shops, with a ‘Party at the Shops’, run by the Downer Community Association.

 

The sun was out and the feet tapping sound of The Gypsyjazz Project was flowing through the air… as was the delicious aroma of a sausage sandwich.

Downer’s ‘Party at the Shops’ was a huge success, and we were extremely happy to be a part of such a fun, community day.

It was the second party that Downer has held at their shops, the first one being last year, however, this year’s event had a special purpose – introducing the new businesses of the local shops to residents. The Downer shops is now home to a café (the popular Gang Gang Café), a yoga studio, a vet, See Change, and still has plenty more to come.

 

The event catered to kids, families and anyone else looking for a nice day out. For the kids, there was a jumping castle, face painting, glitter tattoos and an opportunity to become entrepreneurs, and for the adults, there were food stalls, a sausage sizzle, a suitcase rummage and various arts and plants stalls.

 

The Downer Community Association called out to locals to get involved, and can credit the day’s success to these people.

“Thank you to CHC and everyone involved for the work put in to planning the event. It was an excellent day, and all the stall holders and visitors  were very happy with everything,” Denis from Downer Community Association says.

“We very much appreciate the support provided by CHC, which made a substantial contribution to the day.”

The local preschool were the force behind the cake stall and sausage sizzle, and were hugely popular, having to restock on sausages three times throughout the day.

The local café was also wildly successful, with their coffee’s in high demand.

At CHC, we also had the opportunity to show off our plans for Downer. We received a lot of interest on the day and were pleased to hear the community’s thoughts.

 

By the end of the day, 500 people had popped by the ‘Party at the Shops’ to celebrate the beggining of a new era for the Downer Shops!

Images supplied by Downer Community Association.

Community, Property, Community
Top