Avoid the mortgage

If you’re a parent looking to build Specialist Disability Accommodation (SDA) for your adult child, you might be at or near the end of your working life.

Financing the construction of a new SDA home may be difficult in these circumstances. How will you get approved for a loan or be able to afford the mortgage repayments in retirement? Sure, you could use SDA payments and some of your own home equity or super to help, but that’s a heavy financial burden to carry. Doing that will mean you’ll have less money and security for yourself. What if there was another option?

A long-term lease is the answer

A long-term lease means you can avoid paying the astronomical prices for a new home and completely remove the pressure of a mortgage as well.

If your adult child is eligible for SDA funding within their National Disability Insurance Scheme (NDIS) plan, you can enter into a long-term lease arrangement with an SDA housing provider instead.

How we can help

At BlueCHP, we build and lease customised SDA homes across Australia. We are a not-for-profit community housing provider. Our homes are designed in consultation with SDA recipients and their families to suit specific needs. We offer long-term leases for 10 to 20 years to provide SDA recipients and their families with long-term security and peace of mind.

SDA payments are collected by us from the government, so you won’t need to worry about making any payments from your own funds. We also look after any home maintenance.

Finally, if you or your adult child ever decides you want a change of scenery, you can simply lease another BlueCHP home in a new location.

Read More

When NOT owning your own home is the better option
Parents want the best for their kids. Often parents are getting older and want security for their child with a disability.