Inkerman Oasis is a 242-unit project in the City of Port Phillip, Victoria. It is a joint venture between the City of Port Phillip Council and Inkerman Developments Pty Ltd. The Council contributed land and added value through masterplanning, which included paying for the remediation of the site. Inkerman developed the site, and repaid council for the remediation on settlement.
In exchange for the land, the developer provided 28 units of affordable housing. The State Housing Authority and another housing agency have purchased an additional four units.
 |
|
The council benefits by having affordable housing developed with no additional resource commitments.
The developer benefits by having land provided for its development yielding 210 units for private housing.
The community benefits by having access to affordable housing which was developed only after community input and support were sought |
Port Phillip Housing Association, an organisation with considerable experience, is managing the affordable housing units. The Association is responsible for all operating, property and tenancy management costs, and maintains detailed financial records for each managed property. It must comply with accountability requirements, which include six monthly auditing inspections and production of an annual report for public release.