Not-for-profit community housing provider SGCH is seeking to deliver approximately 500 high-performing energy efficient homes with CEFC finance.
The CEFC has committed up to $170 million to SGCH for their construction in what is its largest financial investment in an Australian community housing provider to date.
The commitment, which extends financing agreed in September 2015 for energy efficient dwellings, now includes finance to help SGCH build a further 300 social and affordable homes in south and south-western Sydney as part of the NSW Government's Social and Affordable Housing Fund (SAHF).
The CEFC's finance is helping SGCH take construction to the next level, building the dwellings to an average 7-Star National Housing Energy Rating System (NatHERS) rating.
Energy efficiency and liveability are designed into buildings for a marginal cost and provide ongoing benefits for tenants.
The new SAHF dwellings will be a mix of social and affordable housing units in south and south-western Sydney delivering more sustainable, affordable housing for low to moderate income families.
Improved insulation, LED lighting, energy efficient appliances, smart meters and solar installations are some of the features likely to be included in the high performing buildings.
SGCH has over 30 years of experience in developing and managing sustainable, safe and affordable homes and connecting people to opportunity. It is recognised as one of the largest Community Housing Providers in Australia and houses more than 8,500 people in 4,400 homes across Sydney.
The CEFC's finance for SGCH is another example of the CEFC's focus on delivering clean energy solutions in Australian cities, as part of its Sustainable Cities Investment Program.