Who are we?
Established in 1992 as Lutheran Community Housing Support Unit, Cornerstone Housing Ltd is a low-income based housing provider under the National Regulatory System.
We are a registered real estate agency and maintain full not-for-profit charity status with the Australian Tax Office and Australian Charities and Not-for profit Commission.
We employ 23 staff members with experience in property management for social and private housing portfolios, tenant support, financial management, asset management, and project development. The majority of our staff are also qualified and registered Property Managers
Our Vision
For all people to know Jesus and be integrated into the body of Christ through the vehicle of Christian-based housing.
Our Mission
Our mission through Christ is to deliver high-quality housing, services, and support for people in need.
Our housing types
We manage nearly 700 properties within metropolitan Adelaide and regional South Australia. Our housing portfolio is diverse, with a range of different housing programs.
What is community housing?
“Community housing is an alternative to public housing and caters for people on very low to moderate incomes, who are or may be in rental stress or face barriers to entry into the private housing market.
It provides secure, affordable, long term rental housing for people with specific needs; including people who have experienced homelessness, the aged, Aboriginal people, people with a disability, survivors of domestic violence, people from non-English speaking backgrounds and low-income families and individuals.
Community Housing is managed by not-for-profit organisations and provides a variety of living arrangements depending on the needs and preferences of the tenant household.”
What is affordable housing?
“Affordable housing is housing for people and households on incomes ranging from low to moderate, and includes both rental and home ownership.
It is priced so that low and moderate-income households are able to meet essential basic living costs, with housing costing no more than 30% of weekly household income, either for mortgage or rent.”
What is supported housing?
“The Homelessness Supportive Housing Program provides accommodation and support for customers with complex needs who require intensive case management and support to maintain their tenancy. Customers must be engaged in case management with a SA Homelessness Alliance or Domestic and Family Violence Alliance provider to access the program.
The program is delivered through a partnership between the SA Homelessness Alliances, Housing SA and community housing providers. The Alliances, which involve multiple support providers, include four regional homelessness alliances and a state-wide domestic and family violence alliance.
Housing SA and community housing providers make properties available for the program and manage the tenancies and properties.
The Alliances assess customers’ eligibility and provide case management and support to customers once they’re housed.”
We can manage your property
With over 20 years experience in all forms of property management, we are committed to working with landlords, both new and established, to achieve the best outcomes for both landlords and tenants.
As we are a not-for-profit organisation, we can not only offer professional property management services at competitive rates but the proceeds of our service go directly towards funding affordable housing initiatives.
Incentives
We are able to offer exclusive tax benefits for owners who wish to further support the provision of affordable housing through the following incentives
Australian Government’s additional Capital Gains Tax discount for affordable housing
When a property owner sells an investment property that is rented below market value, they may be eligble to reduce their capital gains tax by up to 60% (10% more than the 50% discount).
To be considered for the discount, you must rent your property out for a three-year period (total) at 80% of market rent. See below for more information
Affordable Community Housing Land Tax Exemption Pilot
Cornerstone is participating in the Affordable Community Housing Land Tax Exemption Pilot which seeks to provide eligible property owners with ex gratia relief, equivalent to a land tax exemption for the property they rent.
This is achieved when property owners rent their properties out at less than 75% during the financial year; tenant eligibility conditions also apply.
Our development pipeline
We maintain an active development pipeline to help mitigate the federal and state government’s housing crisis.
Our annual reports
Our annual report is a way for us to communicate with you about our business undertakings, including how we use the money we receive to serve our mission and vision, and to help detail what we have achieved in the previous financial year.
Reach Out to Cornerstone
If you a wanting to find out more about Cornerstone, fill out your details and we’ll contact you.