In under 5 years, not-for-profit community housing provider SGCH delivered some 300 high-performing energy efficient homes with CEFC finance.
The CEFC's finance helped SGCH take construction to the next level, with buildings completed to an average 7.5-Star National Housing Energy Rating System (NatHERS) rating. Energy efficiency and liveability were designed into buildings for a marginal cost to provide ongoing benefits for tenants.
Improved insulation, LED lighting, energy efficient appliances, smart meters and solar installations are some of the features included in the high performing buildings.
SGCH estimates that each new home is saving its residents an average of $500 a year on energy costs.
Between 2015 and 2017 the CEFC committed a total of $170 million to SGCH for the construction of up to 500 energy efficient homes, including 300 to be built for the NSW Government’s Social and Affordable Housing Fund (SAHF).
In June 2020, SGCH repaid the CEFC finance, after securing a commitment from the National Housing Finance Investment Corporation (NHFIC).
At that time, SGCH CEO Scott Langford said that by working with the CEFC, SGCH had put keys in the hands of 298 households and upgraded 1,230 homes with energy efficient features.
The CEFC’s relationship with SGCH has helped the housing provider reshape its commitment to better outcomes. Enhanced environmental performance of its buildings is now part of its approach across all its work.
SGCH has over 35 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 11,000 people in 6,600 homes across Sydney.
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New South Wales, Housing, Sustainable Cities, Energy efficiency