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PIONEER: Garry Ellender hopes Access Housing’s private equity model will make a significant dent in the rising housing affordability gap. Photo: Attila Csaszar

Access plans funding shift

Affordable housing provider Access Housing is preparing to tap private equity investors to accelerate its rollout of dwellings across the metropolitan area, in response to a shortfall of government funding in the sector.

Access Housing chief executive Garry Ellender said state and federal governments were not able to keep up with demand for community housing, while existing schemes such as the National Rental Affordability Scheme added pressure to tight government budgets.

The not-for-profit group manages more than 1,800 properties across the metropolitan area and the South West of Western Australia, and holds about $150 million in assets on its balance sheet.

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WA Revenue

23rd↓Fremantle Dockers$52.2m
24th↓MercyCare$52.0m
25th↑Access Housing Australia$47.4m
26th↓YMCA WA$35.9m
27th↓Foundation Housing$28.4m
59 not for profit businesses ranked by WA revenue most recent financial year

Winner 2016

Not-For-Profit/Charity Category Winner: 2016

All Rising Stars winners for 2016

Number of Employees

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