Where will the housing properties be held?

Housing properties will be held in the Noongar Boodja Trust Housing Land Fund. This fund will hold the 121 housing properties when they are transferred from the Western Australian government Housing Authority. At this time, no properties have been transferred from the Housing Authority to the Noongar Boodja Trust.

The Housing Land Fund is established for the general purpose of improved housing outcomes for the Noongar Community.

The Trustee will determine how it manages land in the Housing Land Fund in consultation with the Investment Committee, the Noongar Advisory Company, and the Noongar Regional Corporations. The Trustee may appoint a suitably qualified management company to manage the houses on behalf of the Trust.

The proceeds of any commercial activities from the Housing Land Fund will be reapplied to the Housing Land Fund. These activities may include redeveloping houses, sale of particular properties or managing of rental properties. The intent is that the Housing Land Fund will continue to grow and deliver improved housing outcomes for the Noongar Community.

How does the Housing Land Fund work?

The Housing Land Fund will consist of any interest in land accepted by the Trustee to be held in the Housing Land Fund, including the Noongar Housing Land (as referred to in the Trust Deed) and the Housing Properties (as referred to in the ILUAs) transferred by the Housing Authority.

The Trustee must hold, manage, invest and develop the Housing Land:

1. by exercising its investment powers, in accordance with the Investment Policy and in consultation with the Investment Committee (if any);

2. by appointing a suitably qualified housing management company; and

3. where the Trustee deems it appropriate, by commercial development and works undertaken to the Housing Land by the Noongar Boodja Development Corporation(s).

Commercial developments and works may be funded pursuant to the Funding Agreement between the Housing Authority, the Land Sub and the Trustee. Development activities must be undertaken by Noongar Boodja Development Corporations and not by the Trustee.

The proceeds of the commercial exploitation of land in the Housing Land Fund will be retained in the Housing Land Fund, with the intent that the Housing Land Fund will continue to grow and provide improved housing outcomes.

Prior to the Trustee making a Decision to Proceed (as defined in clause 1.1 of the Trust Deed) with respect to Housing Land, the Trustee must consult with the Relevant Regional Corporation (if any).

As part of the South West Settlement Package, the Housing Authority will transfer the freehold title of 121 Housing Properties to the Land Sub pursuant to a Property Transfer Deed.

The Land Sub will hold the legal title for the Housing Properties on bare trust for the Trustee and the Trustee will manage the Housing Properties within the Housing Land Fund.

The Trustee will appoint a suitably qualified management company to manage the Housing Properties on its behalf.

The State (via the Housing Authority) will also make available $10 million for maintenance and upgrades to the Housing Properties under a Funding Agreement.

Pursuant to the Property Transfer Deed, transfer of each of the Housing Properties is to be made to the Land Sub within 5 years after the Agreement Commencement Date (by 25 February 2026).