Partnerships

One of the most successful components of Evolve Housing’s strategy has been forging mutually beneficial partnerships with government, private corporations and not-for-profits to deliver more affordable housing.

SYDNEY OLYMPIC PARK AUTHORITY

We currently manage 62 affordable properties in Sydney Olympic Park for key workers who are employed in the area.

Evolve Housing was selected to manage the properties in November 2019 after a competitive tender process for the Sydney Olympic Park Authority’s Affordable Housing Program.

Tenants in the properties are required to be on a low to moderate income, and many are working in Sydney Olympic Park in a sports related role, or as an essential service worker in industries including health care, education, emergency services, law enforcement, aged care and childcare.

ALTIS PROPERTY PARTNERS

EchoRealty has partnered with real estate firm Altis Property Partners to manage affordable housing for key workers employed in industries such as emergency services, law enforcement and healthcare on behalf of superannuation provider Aware Super.

We have worked together on four housing projects in NSW, located in Epping, Hurstville, Northmead and Waterloo, comprising a total of 138 apartments housing up to 138 key worker households on low to moderate incomes. In early 2020, EchoRealty also expanded into Victoria,* managing 76 affordable properties for key workers in Moonee Ponds, just seven kilometres north-west of Melbourne’s CBD.

The properties are located in a high-quality mixed tenure apartment building that includes 29 privately rented properties, which are also being managed by EchoRealty at market rent.

All apartments within the building have the same high-quality features and equal access to amenities including a pool, gymnasium and entertainment areas.

A property launch was held in February 2020 in Melbourne, with Evolve Housing CEO Lyall Gorman attending alongside representatives from Aware Super and Altis Property Partners.

Mr Gorman said that the project meets an important need for essential workers.

“Key workers such as police officers, nurses and teachers are among the hardest working, most essential service providers in our community, but unfortunately, rising rental prices often prevent them from living within a reasonable commuting distance to their workplace,” he said.

“This project allows these workers to live in high-quality homes and cut down on their commute time without

having to stretch their budget. We know only too well the huge positive impact on quality of life and overall individual and family well-being that projects such as this have. We would like to applaud Aware Super and Altis Property Partners for having the initiative and

social commitment to invest in key worker housing to produce the significant benefits it brings to communities and the vital workers within them.”

LOCAL COUNCILS

Evolve Housing is proud to be managing the affordable housing stock of two councils in the Sydney metropolitan area. We manage 34 properties on behalf of Willoughby City Council, and 8 properties on behalf of Parramatta City Council.

Local councils can play an important role in providing appropriate housing for people living in their area, and we are delighted to be involved in Willoughby and Parramatta’s affordable housing programs.

FOSTER CARE ANGELS

Evolve Housing worked with the registered charity Foster Care Angels to provide accommodation for four young people who are leaving out-of-home care and moving into independent living. We are providing transitional supported accommodation for a three year period and Foster Care Angels is providing on-site support and supervision to ensure the young people can smoothly transition into an independent, self-managed lifestyle. The accommodation being provided is through an affordable housing program, which typically involves a rental charge of 74.9% of market rent, but both Evolve Housing and Foster Care Angels are contributing a small amount of extra money to offer a deeper rental subsidy for these tenants to mitigate their rental stress

* In association with Jens Veal Byrne Pty Limited ABN 56 608 923 646 trading as EchoRealty in Victoria under licence from Evolve Housing Limited ABN 16 127 713 731 Apartments located at Moonee Ponds, Victoria*