Building Upgrade Finance is available for all local NSW councils to offer to building owners and businesses in their local government area. To participate, a council has to pass a formal resolution of Council, delegating authority to the Chief Executive Officer to enter into EUAs.
The following council’s offer Building Upgrade Finance in NSW:
- Blacktown City Council
- Lake Macquarie City Council
- Newcastle City Council
- North Sydney Council
- City of Parramatta Council
- City of Sydney Council
Is your building located in a council area not listed above? Please contact us and we will help you to engage with the local council OR if you are a council wanting to participate in Building Upgrade Finance.
Tenant contributions can be recovered through:
- existing lease provisions without tenant consent; where the tenant already contributes to outgoings as a part of their lease, or
- a specific agreement; where the building owner and tenants negotiate and agree to contributions to be made.
Eligible works are those that improve the energy, water or environmental efficiency or sustainability of a building. Some upgrades to heritage buildings may be eligible, such as façade or lighting upgrades, that result in an environmental benefit. Building Upgrade Finance has been used to finance environmental upgrades to heritage buildings in NSW.
Building Upgrade Finance is available for strata (>20 lots) building upgrades under the legislation in NSW. The current template EUA contract is for single title/ownership property EUAs, and is not designed to facilitate strata EUAs. A contract for strata EUAs would need to be developed to facilitate a strata transactions in NSW through Building Upgrade Finance.
Crown land and leasehold properties
Crown land is land owned by a level of government. Contact us if you want to discuss Building Upgrade Finance.
For further information, including the template EUA contract and technical guidance, click the button below: