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Ask the team | QuickStarts Qld – Round 2

Question from QuickStarts Qld - Round Two Industry Briefing: the presentation suggested 2,200 commencements to date but overview slide on Round 1 indicate over 1,000 units committed. Could we please advise target numbers for Rounds 2?

Question from QuickStarts Qld - Round Two Industry Briefing: the presentation suggested 2,200 commencements to date but overview slide on Round 1 indicate over 1,000 units committed. Could we please advise target numbers for Rounds 2?

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  • HI, Just wondering if there will be more rounds of this grant in the future or is this the last one?

    Jessi asked about 2 months ago

    Hello 

    Thank you for your question. 

    Currently, QuickStarts Qld Round Two is the only procurement round approved to market for registered community housing providers and their partner organisations.

    This does not mean that future rounds won’t be considered, but they are certainly not guaranteed. Please do not delay in submitting your proposals through this round (which closes next Tuesday, 12 March 2024), so you don’t miss out on this opportunity. 

    Regards 

    The Community Housing Delivery team 

  • Hi, Just wondering if Cloncurry is covered under Far North Queensland for this grant. Thank you

    Jessi asked about 2 months ago

    Hello 

    Thank you for your question. 

    Cloncurry falls in the Outback Region under this grant program. 

    I hope this information is of assistance.

    Regards 

    -The Community Housing Delivery team  

  • Is Logan considered part of Brisbane?

    Michelle Marano asked 2 months ago

    Hello 

    Thank you for your question. 

    No, the Logan area does not form part of the Brisbane Region for the purposes of QuickStarts Qld - Round Two. The Brisbane Region is essentially the Brisbane Local Government Area.

    I trust this information is of assistance. 

    Regards

    -The Community Housing Delivery team 

  • Hi Is there any way that Quickstarts can be used for Affordable housing projects. We have a development application approved with Council for 22 units, however to build 22 units of Social housing in one block is going to cause issues in the community. Is there a way of applying for Quickstarts for affordable housing projects or a combination of affordable housing and social housing? Thanks

    Anita Laksa asked 2 months ago

    Hello 

    Thank you for your question.

    Capital grant funding under QuickStarts Qld is only available for social housing and not affordable housing. A proponent can seek to contribute their own funding (including third party financing) and use that contribution to fund affordable housing as part of a mixed development. State funding is for social housing outcomes only. 

    I trust this information is of assistance. 

    - The Community Housing Delivery team  

  • Are submissions going to be assessed in the first instance on the target region by town, evidenced from the housing register data?

    TCH asked 2 months ago

    Hello 

    Thank you for your question.

    The department will prioritise the assessment of the most conforming proposals and not just those from the within the target regions. The Request for Detailed Proposal outlines all the mandatory criteria and what will be assessed. Housing register data will form part of the department's assessment criteria but is not the only data set we consider. 

    I trust this information is of assistance. 

    - The Community Housing Delivery team  

  • Can you please clarify the intent of limb (b) of ‘Excluded Land’, and in particular ‘without leveraging the property’ and what is intended to be captured (or excluded) by ‘or anything other property funded by the State under other capital funding agreements or using Receipts from properties funded by the State’? Further, can it be clarified whether the below examples would constitute ‘Excluded Land’ (if listed at Items 4 and 14): Example 1: Provider owns land without any mortgage, purchased using its own funds. As part of the Project, the land will be mortgaged to the State (but there is no Financier involved). Would this still be ‘Excluded Land’? Example 2: Does the above change if, as part of the Project, a Financier Contribution will be obtained, and the land mortgage to the Financier as well? Example 3: Provider will purchase land using its own funds as part of the Project. Would this be ‘Excluded Land’, since the property is not owned at the date of the Capital Funding Agreement? Example 4: Provider owns land without any mortgage, purchased in part using Receipts from other properties funded by the State. Would this be ‘Excluded Land’, since some Receipts were used to purchase the property? Example 5: Provider owns land, which is currently mortgaged to a financier (with a 10% Loan to Value ratio). As part of the Project, the existing financier will be refinanced (and the mortgage released), and the land will be mortgaged to the State and a new financier. Would this still be ‘Excluded Land’, since there was some leverage on the property prior to the Project?

    Emile McPhee asked 3 months ago

    Hello

    Thank you for your questions.

    The Department encourages each proponent to seek their own advice on the capital funding agreement and its associated contractual documents. What follows is not legal advice nor does it represent a legal opinion of the department. The below is an interpretation of the policy intent regarding Excluded Land.

    The department reserves its rights to make changes to the capital funding agreement at any time.

    The capital funding agreement defines Excluded Land as:

    (a) wholly owned by the Provider; and

    (b) contributed by the Provider without leveraging the property or anything other property funded by the State under other capital funding agreements or using Receipts from properties funded by the State; and

    (c) that both parties agree is to be recorded as Excluded Land in Items 4 and 14 of the Agreement Particulars and is to be omitted from the Total Project Costs and any calculation of the Reinvestment Amount.

    Excluded Land can not include any land that has been partially or fully funded by the State (at any time). It must be wholly funded and owned by the Provider to be considered Excluded Land.

    Answer 1: Yes, this would be Excluded Land.

    Answer 2: Yes, if the land is leveraged to secure financing (or any other State funded assets are used to secure the financing) then it would no longer be Excluded Land. If you propose to use debt to purchase the land and State funding to construct new social homes on that Land, and then use rental receipts to pay down the debt, then yes, the land would no longer be Excluded Land.

    Answer 3: Yes, if the land is wholly funded by the Provider and not contributed by the Provider without leveraging the property or anything other property funded by the State under other capital funding agreements or using Receipts from properties funded by the State, then it would continue to be Excluded Land.

    Answer 4: No, this would not be Excluded Land as using Receipts from other properties funded by the State to purchase said land would mean the Provider has not wholly funded the land.

    Answer 5: If the property is subject to a new capital funding agreement and is leveraged (or other State funded properties are leveraged) then it is not Excluded Land. If the original financing or new refinancing amount is paid down using Receipts from State funded properties, it is also not Excluded Land.  

    I trust this information is of assistance.

    Regards

    -The Community Housing Delivery team

  • Can you please clarify the calculation of ‘Market Value of any Excluded Land’ at the calculation of ‘Reinvestment Amount’ at clause 28.2? In particular: (a) is ‘Market Value’ determined at the date of sale (rather than being the value listed at Item 14); and (b) does ‘Market Value’ include the value of improvements on the Excluded Land?

    Emile McPhee asked 3 months ago

    Hello

    Thank you for your question.

    The Department encourages each proponent to seek their own advice on the capital funding agreement and its associated contractual documents. What follows is not legal advice nor does it represent a legal opinion of the department. The below is an interpretation of the policy intent regarding the Re-investment Amount.

    The department reserves its rights to make changes to the capital funding agreement at any time.

    The Re-investment Amount is only calculated when a Provider seeks to sell a funded asset. Yes, the Market Value is assessed at the point of sale and not based on the original land value included in Item 14, when the capital funding agreement was executed.

    The Market Valuation should provide an apportionment of the Land value to the improvements value. The improvement value is not factored into the Excluded Land value. If the State has funded the improvements, then its value (including uplift) forms part of the Re-investment Amount. Excluded Land does not form part of the Re-investment Amount. 

    I trust this information is of assistance.

    Regards

    -The Community Housing Delivery team

  • Hi. I am from Northreach Community Care in Townsville. We are applying for a development of around 70 houses. Can we confirm that this round of funding is for social housing only. Or is it for affordable housing as well ?

    Andrew Adams asked 3 months ago

    Hello 

    Thank you for your question. 

    QuickStarts Qld - Round Two provides successful proponents with capital grant funding for the delivery of new social housing supply only, and not for the delivery of affordable housing.  Ensure you review the Request for Detailed Proposal for the full program requirements. 

    I trust this information is of assistance. 

    Regards 

    - The Community Housing Delivery team 

  • Under QuickStarts Qld – Round Two we require that proponents must be one of the following: • a registered community housing provider (RCHP), or • is in the process of becoming a RCHP, or • partnering with a RCHP. The reason for this is that we can only provide funding to an RCHP for the delivery of a social housing service, so any RCHP partner you propose must be subject to a capital funding agreement between the State, as funder; the RCHP, as the funded service provider; and the Landowner. The contractual structure we will support is where the landowner leases the land to the RCHP (for a minimum period of 40 years) and the State funds the RCHP to construct the new social homes and manage those assets for the term of the lease. At the end of the lease, and if not extended by agreement between parties, the assets would be handed over the landowner and the funding agreement terminated. QuickStarts Qld is a capital grant program to fund social housing outcomes for eligible persons from the department’s housing register. The above information has been provided to us. I have 2 questions 1. Is there any room for partnership with a RCHP but them not receiving the funds - the landowners who are social service organisations would receive the grant and oversee the construction through an already recognized and established builder with the Dept. and the RCHP provides ongoing propery managment on completion of the build. I understand that the grant is for affordable as well as social housing from the information provided is this correct?

    asked 3 months ago

    Hello

    Thank you for your questions. 

    To answer your first question, no, the Department must enter into a capital funding agreement with the registered community housing provider and fund them for the delivery of the new social homes. Our contracting arrangements also require that a Provider undertake an open or select tender when selecting a builder for each construction project, to ensure an open, fair and transparent procurement process. 

    Regarding your second question, no, under QuickStarts Qld, the State will only fund social housing and not affordable housing. Any non-social housing properties must be wholly funded by the proponent, including any affordable housing.  The Request for Detailed Proposal and all responses to previously asked questions confirm that only social housing will be funded by the State. 

    I trust this information is of assistance. 

    regards 

    - The Community Housing Delivery team

  • Question from QuickStarts Qld - Round Two Industry Briefing: Will a redevelopment of state owned land leased to a CHP be considered if the home has been removed due to fire and we are proposing for the title to transfer to the CHP once construction is finalised.

    The CHD Team asked 3 months ago

    The department will not transfer title of existing properties (improved or otherwise) to RCHPs under QuickStarts Qld – Round Two. You may propose that the State fund the redevelopment of the vacant land and seek to have your lease agreement extended to enable continued tenancy and property management services by your organisation. The redevelopment of the State owned land would be a matter for the department to consider, and it may be dealt with outside of this procurement process.

    Thank you for your question.

    - The Community Housing Delivery team