
Tax credit and subsidized affordable housing projects need not be be solely based upon an ownership model. However, it seems that many developers would much prefer to avoid build-to-rent models. They concentrate on more lucrative profits in build-to-own projects that include some so-called ‘affordable’ housing that may well only suit the budgets of middle income citizens.
In New South Wales, Australia, a new build-to-rent program runs under the banner Communities Plus. Not only does this project aim to provide market rate rentals, as well as so-called ‘affordable’ rentals, but also social housing. The foundation of this project is a government-owned land trust that offers hope of more stable rental prices over a longer term. Read more in Architecture & Design: NSW launches its very own ‘Build-to-Rent’ scheme in Redfern