Rent and Bond Policy

Affordable Housing Rental Accomodation

GAH's rent is set at less than 74.9% of the current market rate.

For example in high-cost areas, rent capping subject to the company’s viability will be implemented based on affordability for the company’s target client groups (ie. Some rents may be well below the 74.9% to ensure affordability).

Rent capping for self contained accomodation, existing tenants, and vacant units is by location and unit type, and is subject to GAH's viability and based on the affordability of tenants. This approach aims to balance the financial needs of GAH and preserve the affordability of tenants on low to moderate incomes. 

GAH has properties that are subject to different funding sources for both of our developments. The 12 units in Glenlyon Street is funded by both NRAS and LNG. Fisher Street development is only funded by LNG proponents.