COMMUNITY HOUSING PROVIDER
AFFORDABLE HOUSING
What is affordable housing?
Affordable Housing in NSW is defined as individuals or households that falls within government guidelines that require such assistance. Once qualified, rent payable are generally 20 - 25% lower than the private rental market.
We are a registered Community Housing Provider (CHP) that is qualified to manage affordable housing. Cubic Housing has a social commitment to offer medium to long term affordable housing for people who are eligible in NSW.
Am I eligible for affordable housing?
"Our dedicated team of professionals have been in the residential property industry for many years and are passionate to offer you their expertise to meet your housing needs. They will explain to you what the guidelines are to determine whether you are eligible or not."
To be eligible as an affordable housing tenant, applicants must fulfil ALL of the following eligibility criteria:
Income Eligibility Tests
Maximum income limit which is applicable under the guidelines are derived from relevant median income figures for Sydney and for NSW as a whole. They are set at the top of the moderate-income band level. Please contact us for more information on this.
Income Calculations
A household’s gross income must be equal to or below the moderate income level for their household type. The gross income threshold based on your household is specified in the Affordable Housing Ministerial Guidelines.
Please refer to the guidelines to see whether you are eligible.
Need for Accomodation
You must demonstrate that you have a need for medium to long term affordable housing and that you are unable to resolve it without assistance.
Choosing Your Location
Ideally but not mandatory, you may to prove that you are currently residing in the local area you intend to seek a rental home OR working in the surrounding location.
Asset Test
If you have assets that enable you to resolve your housing situation, you will NOT be eligible for affordable housing.
Australian Residency Status
You MUST either an Australian citizen or a permanent resident of Australia to be eligible for affordable housing and living in NSW.
Proof of Age
You must be 18 years of age or over. Documentation must be provided for proof of age.
Ministerial Guidelines
Please click the link below for further information:
Rental History
For us to process your application expediently. We recommend that you have the relevant documentations ready on rental history. If you do not have rental history available, please consult with one of our property managers to see if we can find alternative methods to approve your application.
How long can I stay in affordable housing?
Eligible tenants that enter a fixed term lease will need to meet the ongoing eligibility tests during the tenancy period. We are required to reassess your up-to-date circumstance like income or owning of assets for you to be able to continue as an affordable housing tenant. This takes place at the end of a fixed term lease or via your disclosure in the change of your circumstances.
In Summary
Applicants for affordable housing must meet the eligibility criteria defined in the NSW Affordable Housing Ministerial Guidelines.
The criteria in NSW depend on your household income. It must be within the maximum income limits set by the Government. The more people living in your household, the higher the maximum income limit.
Eligibility to affordable housing is bpth income and asset tested. You must be an Australian Citizen/ Permanent Resident and be over 18 years of age.
In accordance with the NSW Ministerial Housing Guidelines, the amount of rent you pay depends on the program the property has been provided with.
Affordable housing rental is generally priced between 20-25% below the rental market.
Cubic Housing will assess each applicant’s individual circumstances according to the NSW Ministerial Affordable Housing Guidelines.