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Disability Housing Solutions Pty Ltd ACN 616 736 059
Registered National Disability Insurance Scheme (NDIS) Providers of Specialist Disability Accommodation (SDA) in Qld, NSW and ACT. Provider Registration Number: 4050013081
Our vision is to deliver 100 NDIS SDA properties so that 300 – 400 people with disability who have high physical support needs can live with dignity in homes that increase their independence and help them live a more enabled life.
The NDIS Specialist Disability Accommodation (SDA) refers to accommodation for participants who require specialist housing solutions to assist with the delivery of supports that cater for their functional impairment and/or very high support needs. SDA does not refer to personal support services, but the homes in which these are delivered.
Traditionally funding for Specialist Disability Accommodation was through centrally managed capital grants programs that provide block funding to providers.
Under the NDIS, SDA funding is now spent based on participants’ choices on where they would like to live, rather than government agency decisions on the merits of provider grants applications. Through participant choices, funding can now flow to a wide range of providers of varying scales offering new and innovative solutions, rather than being limited to incumbent players who are familiar with grants processes. SDA funding is now delivered steadily across 20 years, rather than being tied to “lumpy” grants rounds.
To incentivize social impact investors to get on board and invest in the ‘bricks and mortar’ of NDIS SDA properties, the NDIS SDA payments have been formulated as an adjusted contribution to the cost of capital required for the land and physical buildings required for SDA needs.
When the NDIS is fully rolled out, a budgeted $700m in SDA payments will be made each year to support almost 28,000 participants requiring a specialist housing solution, an average of $25,000 p.a. per participant.
Each participant also contributes 25% of their disability pension and their Centrelink funded rent assistance towards their accommodation rent, approximately $9,412 p.a.
The NDIS SDA Pricing Framework is fixed at 5-year periods and reviews are benchmarked to a legislated formula that accounts for:
• Asset life of building 60 years
• Investment horizon of 20 years
• Increases in building costs
• Long term debt rate currently 5.2% (ten-year Commonwealth Bond rate plus 2.5% debt margin)
• An assumed 60% debt rate (same as applied in the aged care sector)
• Pre-tax equity returns of 11.6% (same as applied in the aged care sector)
• Specialist property management costs
• Higher maintenance costs
• Loss on building cost when sold
• Fees on sale of property currently 7.3%
The NDIS Pricing Framework now provides SDA funding directly to eligible participants in the form of a capitalised monthly rental payment.
Disability Housing Solutions have been involved in the rollout of SDA from the initial roll out of the NDIS in 2016. Disability Housing Solutions have developed strong working partnerships with major hospitals, aged care organisations, specialist builders, architects, accessibility consultants, SDA support coordinators, and care provider organisations to deliver premium NDIS SDA properties across ACT, NSW and QLD.
Disability Housing Solutions’ properties are built to the Livability Guidelines of Platinum and NDIS SDA High Physical Support category. All locations are close to transport, community facilities, retail and business hubs.
Disability Housing Solutions’ participants prefer long leases, from 5 to 20 years, so that they can consider the property their home. This also helps future proofing low vacancy rates for investors.
To ensure a steady flow of eligible NDIS SDA tenants Disability Housing Solutions advertises vacancies on the industry leading online market place for NDIS SDA properties: Www.disabilityhousing.com.au With this powerful market platform, our investment projects are well matched with tenants and we assist greatly with the SDA eligibility, assessment and transition into a new home.
This combination of specialist industry knowledge and the marketing platform relationship uniquely positions Disability Housing Solutions as prominent NDIS SDA Providers.
The result for investors is an above average yield from a well-appointed, well located residential investment that they can be proud of. The result for the people with disability who transition in as long-term tenants, is simply profound.
For more on how to invest in NDIS SDA houses and apartments with Disability Housing Solutions, please contact us here…
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