Affordable housing aims to relieve rental stress and support households that have the potential for income growth or home ownership in the medium-term. Adelside housing is designed to address the gap in the market between community housing and the private housing market. It is there to relieve rental stress for people who do not earn enough to pay market rent in the area in which they work, but earn too much to qualify for community housing.
13 Hurman Street, Adelaide SA 5000
The eligibility of affordable housing tenants is assessed on an annual basis and lease terms are generally for 12 months. Affordable housing contains a wide range of property types to meet the broad spectrum of need in the community, including retirees, young couples and individuals as well as families who struggle in the private remtals market. Properties include one, two, three and four bedroom options.
Rent is charged and reviewed in accordance with the respective program agreements, policies and guidelines. However, in general terms, affordable housing tenants pay rent set at no more than 75 percent of the market rent, and no less than 25 percent of their gross household income.
As a tenant of an affordable housing property, you may be required to participate in an annual assessment of your income eligibility and continue to meet income eligibility criteria.
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