Annual Report 2019

1 | COMMON EQUITY ANNUAL REPORT | 1 2 | COMMON EQUITY ANNUAL REPORT | 1 2 | COMMON EQUITY ANNUAL REPORT | 3 4 | COMMON EQUITY Programs

Capacity building of Multicultural Senior Establishment of the Community Co-op in Guildford and Tenant Support Program Co-op for Women in Jannali

Organisational Development

Relocated oﬃce to new Procured an IT infrastructure central location and software upgrade

Improved information management systems to support accuracy and eﬃciency

Improved business Developed a Disaster mapping processes Recovery Plan

Property

Procured a new cloud-based asset Developed Improved tendering management solution for improved process for upgrade works property lifecycle planning

Project Plans for the Croydon and Vietnamese Seniors underway and achieving milestones

Advocacy

Founding member of the Australian Co-operative Housing Alliance (ACHA)

Proud partner in key research UWS Social Value of initiatives including: Co-operative Housing UTS Collaborative Housing

ANNUAL REPORT | 5 5 Byron 1 Shire Council

Lismore City Bellingen 7 Council Shire Council Regional Local 9 Port Stephens Government Areas Council 30

Great Lakes Council

Wollongong 19 City Council

City of Albury

Number of # properties in local government area 3 39 City of Blacktown 1 City of 61 Parramatta City of Council 1 Ryde Cumberland Council City of Canada Bay 115 90 7 42 10 City of Fairﬁeld City Council 10 Sydney Burwood Inner Council West Waverley Council Council City of Canterbury 26 Bankstown 1 Bayside Council Georges River Council 16 23

Campbelltown Sydney Local City Council Sutherland Shire Council Government Areas 6 | COMMON EQUITY 5 Byron 1 Shire Council

Lismore City Bellingen 7 Council Shire Council Regional Local 9 Port Stephens Government Areas Council 30

Great Lakes Council

Wollongong 19 City Council

City of Albury

Campbelltown Sydney Local City Council Sutherland Shire Council Government Areas ANNUAL REPORT | 7 8 | COMMON EQUITY ANNUAL REPORT | 9 17 32 new co-operatives staﬀ co-operatives in development (12.56 EFT) 2

over 55 years 54% of age people 24%

people new to people living the sector % with a disability 48 culturally and Diversity on Board & Senior Staﬀ linguistically diverse 55% 71% Board Directors Senior Staﬀ 17 women women languages spoken

Common Equity NSW is governed by a Board of 9 Directors, comprising:

Directors Co-op The Board is responsible for the strategic appointed for elected management and the overall ﬁnancial their technical skills Directors performance of the Company

“Housing co-operatives have really been the way of the future for a long time in Australia – it’s that gap between what governments can’t solve and what business chooses not to at this point in time. We can ﬁll that gap!” Co-op member

10 | COMMON EQUITY Properties total properties under management 513 34 owned by developments Common Equity 2 underway 19 + properties

Repairs and Maintenance

urgent repair 48 requests % 98 urgent repair requests completed in 24 hours

non urgent repair requests

Captial Works Upgrade 13 29 kitchens bathrooms

ANNUAL REPORT | 11 Engaging with Co-ops

co-ops 15 26 attended regional meetings 100+ participants

Program Contribution

“We value the Co-op member’s experience and regularly seek the guidance and advice from key sector leaders on program development, cultural appropriateness and service delivery.” Mirjana, Co-op Development Manager

Co-op Development and Support

Co-op Co-op meetings development attended plans in place

Tenant Support Program established, and intense support being provided

12 | COMMON EQUITY Engaging with Co-ops Training

co-ops training sessions were held in the year with a focus 26 attended on building co-op understanding and capacity. 15 The training modules oﬀered included: co-op model, ﬁnance and rent review, governance and operational management. regional meetings 100+ participants Contact Program Contribution

co-op contacts each month “We value the Co-op member’s experience and regularly seek the guidance 25 and advice from key sector leaders on program development, cultural appropriateness and service delivery.” Mirjana, Co-op Development Manager 75 Co-op Development and Support consultation meetings

Co-op Co-op “One of the main areas for consultation this year is the calculation of the meetings development Company Rent. We have connected with Co-ops several times to ensure that attended plans in place all obligations identiﬁed in the Asset Management and the Co-op Development Plans are agreed and budgeted for moving forward” Tenant Support Program established, and intense support being provided Corine, Operations Manager

ANNUAL REPORT | 13 14 | COMMON EQUITY ANNUAL REPORT | 15 16 | COMMON EQUITY ANNUAL REPORT | 17 18 | COMMON EQUITY ANNUAL REPORT | 19 20 | COMMON EQUITY &20021(48,7<16:/7'

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