Providing affordable housing options since 2011
Venture Housing Company Ltd (‘Venture’), a company limited by guarantee (ABN: 19 154 969 963) is a ‘For Purpose’ (not-for-profit), housing provider of safe and affordable housing options for Territorians.
Venture focuses on providing rental housing for low to moderate income earners in the Territory who are struggling to find a home. There is a strong emphasis on targeting key workers vital to the Territory’s economy, such as those in the retail, hospitality and trade sectors.
Venture also provides and manages housing for seniors and is working towards innovative solutions to the provision of housing for disadvantaged groups in the community. To achieve this, Venture works with a number of stakeholders including the Northern Territory Government, the private sector and other non-government organisations through partnerships to deliver housing projects
Operating since 2011
Venture was established in December 2011 as a response to the growing housing affordability crisis for low to moderate income earners.
Venture is supported by Unity Housing Company as a foundation member.
In late June 2016, Venture was fully capitalised and owned 160 dwellings in the Darwin and Palmerston region. Venture’s primary focus for its 2017-2022 Strategic Plan and its 2015-2025 Strategic Asset Management Plan is to utilise the initial capitalisation and further leverage to maximise its Constitutional Objects, adopting an aspirational approach.
Venture Housing Company is a company limited by guarantee and has both Charitable and Public Benevolent Institution status. The Company is governed by an independent Board. Venture was heavily capitalised by the Northern Territory Government and is committed to the delivery and growth of a sustainable mix of affordable, social and shared appreciation housing in the Northern Territory.
It has adopted and adapted a commercial business model to guide its operations and ensure that its resources are used efficiently and wisely. Venture’s team of dedicated and committed staff ensure the delivery of a quality service to tenants and work closely with Venture’s partners and stakeholders to grow its affordable housing portfolio.