The Summer Foundation partnered with JBWere to model the costs of the Summer Foundation’s Hunter Housing Project and the pricing and assumptions outlined in the NDIA SDA Decision Paper. This modelling shows that the NDIS SDA payment stream is sufficient to finance the replication and scale of the Summer Foundation’s integrated model of housing and support. BUSINESS RISKS All investments are subject to risk. There are a number of risk factors that could impact on the performance of Summer Foundation, should they occur. The Board and management team will monitor and actively manage these risks to ensure the ongoing sustainability of Summer Foundation. Vacancy Risk The most significant risk for Summer Foundation is vacancy risk. NDIS funding is attached to a participant and not the dwelling, meaning the NDIA will not pay to the property owner the SDA payment if they cannot find a tenant (‘vacancy risk’). This creates uncertainty in the flow of income. However it is unlikely to be a barrier to financiers investing in new housing stock in major cities, given the unmet demand for housing for people with disability. In the Hunter Housing Project the Summer Foundation applied considerable resources to finding suitable long-term tenants with disability and high support needs to mitigate the vacancy risk. These activities included establishing networks, and implementing a communication strategy and expression of interest (EOI) process to identify potential tenants. Tenant selection then involved independent Occupational Therapy assessments of housing and support needs, a selection panel and liaising with NDIA to ensure that tenants had access to funding for the support, equipment and home modifications they needed.
The Summer Foundation partnered with JBWere to model the costs of the Summer Foundation’s Hunter Housing Project and the pricing and assumptions outlined in the NDIA SDA Decision Paper. This modelling shows that the NDIS SDA payment stream is sufficient to finance the replication and scale of the Summer Foundation’s integrated model of housing and support. BUSINESS RISKS All investments are subject to risk. There are a number of risk factors that could impact on the performance of Summer Foundation, should they occur. The Board and management team will monitor and actively manage these risks to ensure the ongoing sustainability of Summer Foundation. Vacancy Risk The most significant risk for Summer Foundation is vacancy risk. NDIS funding is attached to a participant and not the dwelling, meaning the NDIA will not pay to the property owner the SDA payment if they cannot find a tenant (‘vacancy risk’). This creates uncertainty in the flow of income. However it is unlikely to be a barrier to financiers investing in new housing stock in major cities, given the unmet demand for housing for people with disability. In the Hunter Housing Project the Summer Foundation applied considerable resources to finding suitable long-term tenants with disability and high support needs to mitigate the vacancy risk. These activities included establishing networks, and implementing a communication strategy and expression of interest (EOI) process to identify potential tenants. Tenant selection then involved independent Occupational Therapy assessments of housing and support needs, a selection panel and liaising with NDIA to ensure that tenants had access to funding for the support, equipment and home modifications they needed.
c2017-183167-Summer-Foundation.docx