BlueCHP (NSW)

AHS assisted five New South Wales housing associations to establish an umbrella development and asset management organisation called BlueCHP.

During BlueCHP’s infancy, AHS was engaged to undertake its financial modeling as well as head-up tender application processes, property identification and feasibility assessment.

AHS also managed the process of negotiation and acquisition and secured funding on behalf of BlueCHP.

AHS has:

Advised BlueCHP on a structure that minimises risk to the individual organisations while maximising the benefits of working collaboratively. 

Developed the Business Case which assisted BlueCHP to successfully apply for recognition as a Growth Housing Provider.

Developed a program of acquisitions and on BlueCHP’s behalf, applied successfully for the following funding from HNSW

• $6.4M under the Affordable Housing Innovation Fund (AHIF)
• $16.1M under Social Housing Growth Fund 1 (SHGF1)
• $11.9M under Social Housing Growth Fund 2 (SHGF2)
• $34.6M leveraged loan funding allowing the number potential acquisitions to double  
• Developed a submission to the National Rental Affordability Scheme (NRAS) for the procurement of approximately 750 new dwellings.

At BlueCHP’s request, AHS has been responsible for the selection, due diligence, negotiation, acquisition, meeting of lending criteria and handover of 200 plus acquisitions across Sydney.

BlueCHP now has its own leadership team and in-house capacity.

Key innovation:

Providing a highly specialized and skilled service that maximises the opportunities for growth while minimizing the cost and risk to BlueCHP and the member organisations.