ESG, Lastest Topics
CEFC and AXA IM Alts Partner with $100 Million Investment for Greener, Affordable Housing
20
Jan
Jan
The Clean Energy Finance Corporation (CEFC) and AXA IM Alts have partnered on a $100 million build-to-rent (BTR) strategy to deliver 3,000 affordable, sustainable apartments in Australia’s largest cities, with 50% offered at below-market rents for means-tested tenants. The first project, a 397-unit development in Westmead, Sydney, prioritizes housing for key workers and is set for completion in late 2025. These homes will meet zero-carbon building standards, incorporate renewable energy, and target high sustainability certifications, such as 7.5-star NatHERS ratings and 5-star Green Star certifications. Managed by St George Community Housing (SGCH), the initiative reduces energy costs for low-income tenants while addressing housing affordability and emissions, contributing to Australia’s broader decarbonization goals and providing a replicable model for sustainable residential construction.
Resources: https://esgnews.com/cefc-and-axa-im-alts-partner-with-100-million-investment-for-greener-affordable-housing/