The Fund’s aim is to acquire a portfolio of architecturally designed and finished residential homes, town homes and apartments that SDA Participants are proud to live in.
While their initial design and construction costs are typically higher due to specialised attributes and inclusions (see Sections 3.5 and 7.4-7.8 of the Fund’s PDS for details), well-designed SDA-registered properties can generally present as any other residential property, helping to provide an option for an alternate use if/when they are not registered as SDA.
The goal of the SDA scheme (and the Fund) is to see SDA-registered properties broadly distributed throughout Australian suburban and city locations, close to amenities, services and entertainment to enable people with disabilities to maximise independent lifestyles and inclusion in the community.
The SDA scheme is designed to support the accommodation needs of NDIS participants with High Physical Support needs (and/or extreme functional impairment). As such, SDA properties must meet particular (mandated) design standards, which vary depending on the classification targeted by the SDA provider (which impacts SDA payments to the SDA provider).
Design requirements include such things as specified free floorspace, window heights, corridor and door opening widths, and hobless shower recesses. They extend to the use of appropriate materials in bathrooms to allow for the fitting of handrails if required; and providing that the ceilings are “structurally ready” to take a hoist if required.
It is intended that properties in the Fund portfolio will include full “smart home” systems enabling lights, curtains, air-conditioning, front door intercom and even front door opening to be operated from an iPad or similar control panel. This level of home automation provides SDA Participant tenants increased independence while having appeal in the broader tenancy and resale market.
SDA Liveable Homes is the operating division of the Fund’s Asset Manager, and is responsible for the delivery of Fund properties to SDA participant tenants and engaging with supported independent living (SIL) providers who will deliver SIL services to residents. SDA Liveable Homes has engaged the services of leading not-for-profit Summer Foundation as its tenant matching and advocacy provider.
“A core objective of the Fund is to build a portfolio of architecturally-designed residential properties that SDA participants are proud to live in, and to enable people with disabilities to maximise independent lifestyles and inclusion in the community”.