Evaluation of Acquisition Proposals for Funding Decision

(per Contribution Agreement & Terms of Reference)

1. The degree to which the project meets the Fund’s goals of preserving purpose-built rental homes from redevelopment and/or significant rent increases at unit turnover.
2. The project’s efficient use of Fund resources in preserving 2000+ such homes, including but not limited to:
   • the grant requested per home
   • the proportion of the total cost to be covered by the Fund grant
   • the success of the proponent in attracting non-Fund capital or other contributions to the project.
3. The Proponent’s organisational and financial capacity to execute the proposed project.  
4. The Proponent’s ability to secure the financing necessary to acquire the subject property.
5. If significant capital repairs are required, the capacity of the Proponent to manage such repairs to the proposed scope, schedule, and budget.
6. The adequacy of the Proponent’s plan for the sustainable long-term management and maintenance of the subject property.
7. The impact of the Proponent’s plan on the immediate and longer-term affordability of the project.
8. The impact of the proposed project on the geographical distribution of the Fund.

Acquisitions must also meet all property criteria evaluated at Stage 2, and align with the Applicants current capacity as approved at Stage 1.