Proceeds from the future sale of a BHC-owned market-rental apartment building in Kelvin Grove will enable the creation of new social and affordable housing in south-east Queensland.
BHC Chief Executive Officer, Rebecca Oelkers, said the independent charity is the long-term owner of the residential apartment building at 31 School Street, Kelvin Grove, which comprises a mix of 27 one, two and three-bedroom apartments.
“The proceeds from the sale of School Street, targeted for March 2023, will provide new, purpose-built accommodation in the form of 32 new units in Mount Gravatt, ready for occupation at that time.