Clarence Valley Independent

CVC puts $175k towards ‘out of the blue’ affordable housing proposal

Geoff Helisma|

Clarence Valley Council has approved a request from Clarence Village Limited (CVL) to cover the $175,000 Section 64 (S64) fee that a developer would normally pay for the construction of 22 affordable housing units for seniors.

All councillors, apart from councillors Toms and Baker (Cr Clancy was absent due to illness), supported the proposal, based upon a letter from CVL, dated December 6, and a deputation given by CVL board chair Geoffrey Shepherd prior to the December 17 council meeting.

Clarence Village Limited describes itself as a “community-owned not-for-profit organisation that has been providing accommodation and care services for seniors for over 40 years”.

Its latest financial report states CVL held $15,640,911 in “retained profits” and/or “total equity” as at June 30, 2018 – profits over the 2018 and 2017 financial years were $801,832 and $1,029,659 respectively.

The report to the CVC meeting stated that CVL is “applying for assistance from the Federal Government Building Better Regions Round 4 – Drought Support funding, to build [the] … units at 95 Armidale Road, South Grafton”.

“These units will be offered to seniors who are eligible for Commonwealth Rent Assistance for 25% of their single pension per fortnight,” the report to council stated.

“In the current commercial market a comparable property costs 55% of the single aged pension.”

Councillors resolved to pay the “$175,000 on behalf of CVL, if the Building Better Regions application … is successful, at the completion of the property transfer … to the ownership of Clarence Village Limited”.

Councillors resolved to source the money from its Clarence Care and Support Administration Reserve – CVC is amid “divesting its interest in delivering community care services currently provided by Clarence Care + Support”.

Share this post


Now you’re here …

… the Independent would like to ask for your support. The community is reading our paper more than ever and embracing the content we produce, but advertising revenues across the media as a whole, are falling. Unlike other news organizations we do not charge for our publication – so, to keep our community connected and deliver the local news to your door we would like to ask for your help..... to keep the Independent bringing you all the local community news takes a lot of time, hard work and people power, But we do it because we believe our presence matters – who else tells it how it is, where it is, and what it is.

If you like our journalism, if you like the community news, if you like our sports coverage we would love it if you could help fund it, our future may depend on it. For as little as $5, you can support the Independent – Thank you.



Facebook By Weblizar Powered By Weblizar