QLD’s Blue Care contributes old village in $12M joint project with affordable housing operator BHC

Published on

Blue Care has contributed its 40 year old Bowen Court retirement village in inner-city New Farm to a joint venture with not-for-profit affordable housing provider BHC in a $12 million project. The two parties will share ownership of the apartments, with BHC overseeing the finished product in terms of its physical appearance and the management practices. Blue Care will also provide community care services to the residents as their needs changed.

The project will attract Federal and State government funding under the National Rental Assistance Scheme with rents 80% of the local market rent. (Photo: BHC Chairman Professor John McAuliffe AM, Housing Minister Hon. Tim Mander MP and Blue Care Director of Property Services Mr Frank Riley).

Share.

About Author

The Weekly SOURCE is the leading media for retirement living and aged care businesses, delivering sector-specific news through four mastheads. Operating as part of The DCM Group, The Weekly SOURCE also provides a directory of proven sector specialists and an insights exchange.