Paxon acted as financial and commercial adviser to Land and Housing Corporation (LAHC) NSW to develop a new model to facilitate institutional and other investment into social housing whilst partnering with CHPs.
The model involves a capital structure that joins community housing providers (CHPs), senior debt providers, LAHC, Housing Australia (formerly NHFIC) and junior debt from the industry superannuation fund sector.
This allows CHPs to deliver social housing from a very low equity base and achieve optimum social outcomes.
The model provides LAHC a means to implement the Build to Rent (BTR) model in differing socioeconomic areas and across disaggregated sites, whilst also attracting additional investment.
LAHC NSW Client
2020 - ongoing Years
Sydney, NSW Location
Confidential Project Value
Financial and Commercial Adviser Roles
The completed scoping study was used by LAHC to seek internal government stakeholder support for the new model, including review by Treasury and Department of Premier and Cabinet.
The project is now being implemented and is in the procurement phase.