St Vincent de Paul Housing is a Special Purpose Vehicle holding only the assets we are developing under the NSW Government’s Social and Affordable Housing Fund (SAHF) program.
We understand that many Australians could be one or two paycheques away from homelessness. Our members and staff have seen first-hand the consequences of the failure of the housing market to provide safe, secure and affordable housing to those on low incomes.
Through St Vincent de Paul Housing, we are providing people with one of the most fundamental human needs: a safe and stable home. As a provider of the NSW Government’s Social and Affordable Housing Fund (SAHF), St Vincent de Paul Housing has been contracted to build 502 units for people on low incomes. Of these, 357 will be for social housing and 145 will be for affordable housing tenants once construction is completed in 2020/21.
Under the SAHF model, we are also coordinating tailored support for our housing tenants through our Vinnies Services team. These wrap-around services ensure that not only do people have a roof over their heads – they are also supported to address any issues impacting their wellbeing.
The Society has invested significantly in social housing, by developing social and affordable housing units which were fair valued at $169 million as at 30 June 2020. Additional Units fair valued at $58 million were completed post year end, bringing the total fair value of the investments to $227 million.
The St Vincent de Paul Housing 2019/20 Annual Report is available here.