About the Fund

The purpose of the Investment Advisory Committee is to:

• Assist the CEO in developing and implementing an evaluation and selection framework for funding proposals

• Evaluate proponent proposals,

• Recommend to the CEO those best suited to meet the Fund's objectives, and

• Advise the CEO on relevant trends in real estate and financial markets and other matters within their expertise relevant to the Fund's objectives.

The Committee evaluates applications in terms of:

• The degree to which the project meets the Fund's goals of preserving purpose-built rental homes from redevelopment and/or significant rent increases at unit turnover.

• The project's efficient use of Fund resources, including but not limited to, the grant requested per home, the proportion of the total cost to be covered by the Fund grant, the success of the proponent in attracting non-Fund capital or other contributions.

• The Proponent's organisational and financial capacity to execute the proposed project.

• The Proponent's ability to secure the financing necessary to acquire the subject property.

• If significant capital repairs are required, the capacity of the Proponent to manage such repairs to the proposed scope, schedule, and budget.

• The adequacy of the Proponent's plan for the sustainable long-term management and maintenance of the subject property.

• The impact of the Proponent's plan on the immediate and longer-term affordability of the project.

• The impact of the proposed project on the geographical distribution of the Fund.