Affordable homes for older renters and people with disabilities have been launched in Ivanhoe (Melbourne’s east) by Villa Maria Catholic Homes (VMCH) – the first time the organisation has purpose-built an affordable homes development for intergenerational use.
The new development, Trinity Lane, includes 39 accessible and modern apartments for people aged over 55 who are on a low income, and people with disabilities. According to Anglicare Australia, just 0.5% of rentals are affordable and suitable for a retiree on the Age Pension, and 87% of renters surveyed say they want to remain at home as they get older, but only 46% believe their home is suitable for an older person.
The intergenerational aspect of Trinity Lane is unique, and VMCH aims to help ease the housing struggle for those who need it most.
“We want our residents to feel secure, safe, and comforted by the fact that their tenancy here is forever if they choose.
The new development is expected to provide much-needed homes for life to those who struggle in the private rental market and want to age in place. A launch event will be held on March 31, 2023.