Public Housing Renewal Program
The Ontoit team has been responsible for developing and managing the unique commercial, financial, technical and service delivery frameworks that informed all of the Public Housing Renewal Program (PHRP) projects from its inception in 2017.
Under the PHRP a large number of public housing estates that have aged and are no longer fit for purpose are being redeveloped to be environmentally and socially responsive communities with improved facilities to promote community interaction.
Located in inner and suburban Melbourne, stage one of the PHRP replaces existing public housing dwellings across seven sites, increasing public housing dwellings and adding affordable and private dwellings at each site. With insufficient funding to redevelop significant volumes of public housing under traditional direct approaches like Design and Construct or Construct Only, other methods of commercial structuring and value capture have been developed to deliver the projects.
Ontoit is providing leadership, strategic and commercial advisory services, transaction management and project management for the PHRP. We are also providing project management services including stakeholder facilitation, scheduling, risk and budget management, design management and the management and coordination of other consultants.
As the commercial lead for the PHRP we focused on a ground lease procurement approach (similar to a PPP) to secure partnerships for Homes Victoria to redevelop and also operate a package of the PHRP sites, including leading the inputs from other SME consultants including legal, financial, cost and facilities management.
We developed a tenant relocation strategy to relocate over 3,300 tenants from 1,800 properties as well as developing a broader housing supply management strategy and implementation plan that assisted Homes Victoria to manage the transition of existing tenants and ensuring minimum housing numbers were maintained.