The National Disability Insurance Agency (NDIA) has passed a new design standard for their participants’ Specialist Disability Accommodations on 21 October 2019.
The new design standard will be implemented on 1 July 2021 and is geared towards guiding architects and builders in building accommodations that are tailor-fit for the needs of NDIS participants with high needs.
Hopefully these guidelines will generate waves of change in the field of housing construction, making homes with assistive technology more accessible to Australians with disabilities.
What is a Specialist Disability Accommodation (SDA)?
Specialist Disability Accommodations are homes with support features needed by certain NDIS participants. Through the National Disability Insurance Scheme (NDIS), people living with a high need disability can receive support to rent, purchase, or construct an SDA.
The New SDA Standard
The new SDA Standard was created through 6 months of comprehensive consultation with experts across a variety of sectors. This rigorous process resulted in minimum requirements for the following features:
- Improved Liveability
- Fully Accessible
- High Physical Support
In addition to the minimum requirements, the clarity of the design requirements have also been improved to make it easier for providers to comply. This Standard is not retroactive and will take effect on 1 July 2021
Investments are great for inducing financial stability, supporting companies you believe in, and of course for growing your nest egg.
The National Disability Insurance Scheme (NDIS) is a program that adds another aspect to this; the opportunity to gain a respectable return on your investment while fulfilling your social responsibility.
The NDIS supports Aussies with disabilities by providing them with the resources necessary to live a dignified and comfortable life. Their services include helping their participants find privately established accommodations that are equipped with specialized features that improve their quality of life.
By investing in these Specialized Disability Accommodations (SDA), or in mutual funds that develop and build them, it’s possible to simultaneously help Aussies with disabilities and get a return on your investment.
Risk and Reward
This type of investment is relatively low-risk since the government is responsible for the payments of NDIS participants. To top it all off, the government provides a three-month rental guarantee in the case of vacancies.
But with 460,000 Australians living with disabilities accessing the services of the NDIS, the demand for SDAs is quite high, so vacancies should be rare and short-lived.
With that said, there is a certain degree of risk in every investment. With NDIS funds, the risk lies with the provider. Providers that don’t comply with the standards set by the NDIA could have their registration revoked or they could even be banned from the program altogether. This is why it’s vital to partner with high-quality providers with proven track records.