RFI - Attachment 2 - Coast2Bay - Cover Letter & MOU

   •    Community Housing Provider (CHP) enters into a Headlease with the landowner for some
        or all dwellings and provides a suitable rental return;
   •    CHP provides Social and/or Affordable Housing, subletting the dwellings with General
        Tenancy Agreements;
   •    Headlease is in place for 10-year initial term plus 10-year option;
   •    Headlease is registered on title to provide security of tenure for the Social and/or Affordable
        Housing outcomes, ensuring that the lease transfers to new owner upon sale of the land.

C2B has over 10 years’ experience and track record in the operation of the Community Build-to-
Rent model as part of the NRAS scheme and other social housing programs.

Once a pathway to suitable development approval has been determined, C2B proposes the
following legal arrangements which will secure long term affordable housing outcomes on the site:
     1. Memorandum of Understanding (MOU) with Eco Cottages which will reflect our intended
        relationship to progressively collaborate on the project. Please refer to draft MOU enclosed
        (not for execution); and
     2. Headlease over the property, entered into at construction completion and registered on
        title, as outlined above.

We trust that the information provided will be sufficient to address Council’s Request for Information
in relation to this matter, however, if you require any further information, please contact the
undersigned.

Yours sincerely,




Jess Knott
Development Manager
Coast2Bay Housing Group


Encl.   Draft MOU (Coast2Bay Housing Group Ltd and Eco Cottages Pty Ltd)




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