Affordable Housing Guidance Note released

Treasury and Investment Services (TIS) has recently released the UCA Affordable Housing Guidance Note, which outlines the key principles and framework for affordable housing projects within the Uniting Church Synod of NSW & ACT.

Key points include:

1. For the purposes of the Synod Affordable Housing Guidance note, affordable housing is defined as ‘rental housing for members of the community who may not be able to afford to rent in the general market’. This definition is in line with the NSW Department of Planning position.

2. Guiding Principles:

• • Affordable housing projects require financial subsidization, either from government or the church.
  • All projects need approval from the Synod Board (except those by Uniting or Wesley).
  • Congregations cannot operate housing projects without the Board's approval and must engage with registered CHPs.

3. Scope: The document clarifies that specific housing types, such as disability, emergency, or homelessness housing, are not included in the Synod’s definition of affordable housing.

For more information, download the Guidance Note here.

For further inquiries about this guidance note, the Synod’s Treasury & Investment Services team can be contacted via contactus@nswact.uca.org.au

For More Information

Treasury and Investment Services (TIS) is the independent adviser to the General Secretary, Synod of NSW and ACT around the broad financial risks and returns of the overall Synod.

The role of TIS, where required, is to manage and advise the Synod and its boards and associated agencies on Synod’s overall investment, borrowing, liquidity, financial risk, returns and risk-adjusted capital allocations, for the mutual benefit of Synod and each related entity.

TIS also monitors adherence to Synod policies as regards compulsory deposits, investments and borrowing.

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