CHP market rent assessments for new public housing places 

The market rent is set according to comparable rent charged for other properties of a similar type, size and location. 

The approach to setting market rents for new public housing places changed in July 2022. The weekly rent limits that HUD previously applied have been removed.  

HUD will work with CHPs to ensure that market rents for new public housing places are aligned with private market rents. This will improve the feasibility of development opportunities.  

The base date for the annual indexation of market rent has also changed, by being brought forward.   Previously annual indexation was applied one year from the tenanting date.   It will now be applied one year from the date of the funding approval letter. 

To support an application for funding a new development opportunity, CHPs need to supply a current market rent assessment which has been prepared by a registered valuer. 

Market rent assessment reports must meet the requirements detailed at Appendix 2 of the Application for Funding Public Housing, including information relating to the number and typology of the new public housing places, underlying assumptions related to the rent assessment, and documented analysis of market evidence. 

Download the Application for Funding Public Housing

For existing public housing places, weekly market rent limits will continue to apply until the five-yearly market rent reviews are undertaken in accordance with CHPs’ Capacity Services Agreements. 

Contact us 

If you are a registered Community Housing Provider, please contact your Business Development Manager or your Relationship Manager if you have any questions. 

Alternatively you can send an enquiry to public_housing_panel