The NDIS project will be completed in April next year
ANZ and Jameson TTB are working together to deliver a four-level building to help meet the growing demand for specialist disability accommodation (SDA).
The National Disability Insurance Scheme (NDIS) project is designed for medium-term accommodation and will include 13 studio apartments, eight two-bedroom, and two-bathroom apartments, as well as support offices, communal dining, and activity areas.
Construction will commence this month and is set to be finished in April next year.
The NDIS project will be funded by Jameson through its $100 million Jameson Special Situations Fund (JSSits), which invests in a diversified portfolio of hybrid-credit opportunities in sectors including social infrastructure, while ANZ will fund and facilitate $10 of investment by 2030, Financial Standard reported.
“The profile of this sector is closely aligned to the ESG values of the firm,” said Nick Browne, Jameson TTB director. “There is an undersupply of adequate specialist disability housing, and the sector has largely been underfunded, with few financial institutions investing in this space.”
Browne said the firm was pleased to be working again with ANZ, which shares its “values and goal of providing more disability accommodation comes at an opportune time.”
“The private sector is well-equipped to address the shortfall in the NDIS sector,” he said. “Locally, our new project will support the existing medical infrastructure in the surrounding area.”
Cindy Arthur, ANZ acting head of health, said the banking giant was “proud to support a project that will deliver much needed accommodation options for people living with a disability.”
“We are committed to providing better housing outcomes and opportunities for those needing specialist disability accommodation,” Browne told Financial Standard. “We are excited about our future in funding more NDIS projects and working with more providers and developers to deliver more housing to address the needs within Australia.”
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