Tasmanian Community Housing Property Trust
Community Sector Banking (CSB) has been working with STEPS (a not-for-profit community organisation) in Tasmania and the Tasmanian Community Housing Property Trust to enable the Trust to provide a unique contribution to the development of affordable rental housing for people on low incomes.
The Trust was established by STEPS as an investment vehicle to help STEPS fulfil its mission to address poverty and disadvantage in the communities in which it operates. STEPS also delivers Job Network services, vocational education and training and community development initiatives.
The first eleven homes in the Trust Project were completed in June 2007 at Warrane in Hobart. The Trust plans to construct over 400 homes over the next 10 years to rent to people in need of affordable housing.
CSB worked with STEPS and the Trust throughout the planning stages to ensure that the development model was based on sound financial projections. CSB has also provided loan funds to the Trust to enable it to achieve its goals. We are proud of our association with STEPS and the Trust.