“Exclusive to the Independent Builders Network”
The core elements that differentiates between standard and adaptable living homes can be summarised as follows:
Would I be eligible for financial assistance by building an Adaptable Living home?
There are no restrictions on investors building homes that meet the Liveable Housing Guidelines. In fact the Federal Government is relying on the private sector to help provide the needed housing required to support those families covered by the NDIS and Specialist Disability Accommodation (SDA). SDA refers to specialist accommodation for people who require integrated housing and independent living supports. It is generally for people with very high support needs.
While most NDIS participants will have their housing needs met through options delivered by the jurisdiction in which they live, historically SDA was, and still is, in short supply.
The NDIA estimates that around 6 per cent of total NDIS participants currently around 28,000 people will require SDA.
To meet this level of demand, the supply and availability of SDA needs to grow. To support this the funding available to participants for SDA has been designed to attract investment. At full Scheme, total funding for SDA is expected to be around $700 million per year. This level of funding is expected to lead to investment in the development of new high quality, fit-for-purpose SDA which will increase availability. All investors should undertake their own due diligence.
Owners that have complying properties may register it with the NDIS and if a tenant is secured an additional rental premium (up to 50% of market rent is payable for the life of the tenancy)
Adaptable Living homes are designed to be more versatile, to better meet the changing needs of the occupants over their lifetime and as such there would not be any change in the process for applying for a home loan.
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