Specialist disability housing could grow to be a $10 billion sector but it could also boost the development of a new loan asset class.
has secured a so-called social loan of $130 million from Commonwealth Bank and National Australia Bank to boost its provision of specialist disability accommodation funding, the first loan of its type in Australia for a housing sector that could grow to $10 billion in value.
Lighthouse would use the funds to invest in the development of more homes, for which qualifying residents with disability receive subsidies under the National Disability Insurance Scheme, Mr Hooper said. The SDA sector was likely to need $10 billion worth of investment to meet the demand that the National Disability Insurance Agency last month predicted would grow from 22,900 participants last year to 36,700 by 2042, Mr Hooper said.But the housing is not uniform – it can take a range of forms, includingor stand-alone houses in suburban areas, all with varying subsidies – and this makes it harder to package into revenue streams that can be borrowed against.
Fit for purpose: The housing is designed for qualifying people with disability and subsidised by NDIS payments.
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