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Glossary

Affordable housing

Housing offered at a below market price, whether this be rent (e.g. public housing, community housing, private rental housing) or home ownership. Affordable housing is targeted at very low-to moderate-income households and is priced to be affordable to them. Usually this means that housing costs should not exceed 30 per cent of gross household income.

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Glossary

Public housing

Housing, other than employee housing, that is owned and managed by government directly. Also see community housing

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Glossary

Accessible housing

Housing that includes features such as wheelchair access ramp, grab rails and other adjustments that enable use by people either with a disability or to assist in transitioning through their life stages.

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Glossary

Active transport

This includes all forms of transport that require physical activity for movement, including cycling, walking and other non-motorised forms.

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Glossary

Agglomeration

The clustering of business activities, skilled labour and the resulting knowledge ‘spillovers’ which occur in cities and particular locations within them is referred to urban agglomeration.

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Glossary

Asset register

A compilation of all business assets including details on assets such as location, condition, and owner. The purpose of an asset register is to understand the status, procurement date, location, price, depreciation, and current value of each asset.

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Glossary

At risk of homelessness

A person experiencing housing instability or exposed to several individual or structural risk factors, including low-income, mental ill-health or housing unaffordability, that may cause homelessness.

See homelessness

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Glossary

Bond aggregator

A government backed entity designed to aggregate and source large amounts of capital from the bond market so as to provide lower interest, long-term loans to not-for-profit community housing providers developing housing for lower income households. The intention is that money would be raised efficiently with reduced financing costs rather than in expensive one-off transactions such as when borrowing from a bank. The benefits of a bond aggregator are that it is relatively simple and transparent; minimises the impact of debt on government budgets; provides lower cost finance to community housing providers; and therefore, is likely to maximise the sustainable expansion of affordable housing stock.

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