Bridge Housing held its 2019 Annual General Meeting (today), reporting on a year in which our portfolio grew by 1,228 properties and we innovated in delivering solutions to homelessness for rough sleepers and helped residents into employment and training.

The Social Commissioner for the Greater Sydney Commission Helen O’Loughlin was the key note speaker, explaining the challenges for Sydney as it grows and seeks to address the housing needs of all its residents, most particularly those on low to moderate incomes. 

Chair Mark Turner and CEO John Nicolades told attendees that Bridge Housing has:

  • Transitioned the management of an additional 1,228 dwellings on the Northern Beaches on 
5 August 2019 

  • Implemented the first year of the STEP to Home program for rough sleepers, providing housing for 52 people, in partnership with Metro Housing, Women’s Housing Company and Neami Australia 
  • Launched A Bridge to Work employment program, in partnership with CoAct, helping 33 residents into employment, training and education.
  • Won our 7th Gold Award in the Australasian Reporting Awards for our 2018 Annual Report.

They both also thanked the leadership team and all staff for their dedication in delivering quality housing and services, particularly in a year of significant organisational growth and change. 

Graham Monk, chair of the Finance, Audit and Risk Committee, gave the Finance Report. He reported that:

  • Bridge Housing’s underlying operating profit improved 56% on the 2017-18 result. 
  • We refinanced our corporate debt facilities with a $40 million loan from the National Housing Finance Investment Corporation (NHFIC) during the year
  • Are in a strong financial position with sound financial forecasts over the next few years.

The AGM was held once again at the Redfern Community Centre and was well attended by residents and other Bridge Housing stakeholders. Cultural Representative Michael West performed the Welcome to Country.

Photo: Board member Carolyn Scobie, Chair Mark Turner, CEO John Nicolades & GSC Commissioner Helen O’Loughlin