Venture Housing Company Limited

Venture owns and manages 523 affordable and social homes across Tennant Creek, Katherine, Palmerston and Darwin. In the 202324 reportable year, we progressed planning for or completed several Social and Affordable Housing developments in Katherine, Tennant Creek and Palmerston, through development and construction, and by utilising a mix of NTG and Commonwealth capital contributions, NTG gifted land and Venture s own equity and land. These partnership projects will further increase our owned and managed homes by 57 social and affordable dwellings: 8 in Katherine completed, 12 in Tennant Creek, 19 in Palmerston for lease due 2024/25, and 18 new social housing properties for ownership in late 2025. Venture s Strategic Asset Management Plan (SAMP) is reviewed and updated annually in response to our changing business and to reflect the diversity of our owned and managed portfolio. Key drivers to this year s SAMP review include: The 250 public housing properties transferred from NT Government under our management; The finalisation of the transfer of all 78 John Stokes dwellings, and overall precinct management; Activating our divestment strategy to recycle ageing assets, to generate equity towards new growth initiatives, and to ensure we mitigate long term maintenance liabilities; Further highlights this reportable year: We received capital funds from NTG, Barkly Regional deal and Housing Australia and commenced construction of 12 social and affordable housing development in Tennant Creek. This cofunded partnership is the first for the NT. Completed our Awardwinning affordable housing development in Katherine and welcomed our new tenants. Took handover of the remaining building comprising eighteen onebedroom apartments at John Stokes, which are now homes to affordable housing tenants and people with disabilities. Collaborated with the NTG and TeamHealth to cofund the building fit out of the two NGO spaces at John Stokes and executed the Lease with Team Health who are delivering programs on site. Our Rent Choice Subsidy program was extended with an additional $3Million from NT Government. Executed the terms of the transfer for management of 250 public housing homes in Palmerston, mobilised a new team and engaged with the tenants as their new landlord with go live on 1 July 2024. Our tenants who identify as Aboriginal and Torres Strait Islander increased to over 50% of our tenancies a steady increase from 16% in 2020 through targeted allocations and sustainable tenancies approach. Achieved significant improvements in our Tenant Satisfaction Survey results. Maintained NRSCH Tier 1 registration. Participated in CHIA NT s Industry Development Plan, the Capability Framework workshops which enabled our team to network with other industry professionals and inform the capacity and professional skills requirements in a growing and emerging sector.