The Public Rental Board (PRB) was established on 16th May 1989 under the Housing (Amendment) Decree No 12 of 1989. The Housing (Amendment) decree is part of the Housing Act of 1955. The separation from the Housing Authority was due to the recommendation of the World Bank study and report. PRB is also covered under the Public Enterprise Act 1966 to ensure that it operates profitably.
PRB is subject to the vision and plans of the government of the day and in year 2020, the Fiji First Party government wanted to again merge the Housing Authority and PRB’s operations. This resulted in the PRB offices relocating to the same building as the Housing Authority in the three (3) divisions by August 2020. However, after 2 years, the Coalition Party which came into government in December 2022, reversed this decision which saw PRB relocated back to its previous office locations. From its inception in 1989, PRB inherited a negative asset of $11,322,000 but has managed to operate sustainably, pay its debt and build a financial reserve.
As a government statutory body, PRB comes under the Ministry of Housing but managed by Board of Directors appointed by the respective Housing Minister’s. The PRB Board determines the income criteria of persons who should qualify to rent to ensure that those assisted are of low-income earners. The government assists by way of capital funding and the annual rental subsidy grants which PRB later distributes to its tenants according to a subsidy assistance criterion approved by the Board.
PRB has also increased its housing stock over the years and to date has a total of 1806 flats with 22 rental estates with offices located in the three (3) divisions of Central, West and the Northern divisions.
2.0 RENTAL DEMAND
The organisation has continued to receive overwhelming interest and application for rental housing every year. They continue to face shortfall in the supply of rental units especially in the greater Suva area.
3.0 WHAT WE DO
PRB has a strategic plan in place which defines its visions and goals for the next 5 years. Its visions and core roles are best described as follows:
• Promote transitional housing under the National Housing Policy.
• Allocation of flats to low-income earners.
• Re-assess tenant profile to better determine the capacity to pay rent, the amount of rental subsidy assistance to be provided, and the appropriate tenancy agreement for a tenant.
• Determine the true demand for public rental housing through regular surveys.
• Assist with tenant training and development. Invite training providers to ensure that tenants are financially capable to manage their own finances, lessen personal debts and save.
• Assist with tenant migration towards their own home through rent-to-own programs or assist with developing affordable homes through PPP (Public Private Partnerships) where tenants can migrate and permanently call home.
1.0 Introduction
The Public Rental Board through consultation with its tenants and estates realizes that the empowerment of its communities is an integral part of its framework. In order to facilitate these development initiatives, PRB has first assigned a full time Community Officer Position in its office to manage its community activities. It has also invited key development partners to assist with its tenant development by way of training, resourcing and monitoring. The Community Officer plan, execute and monitor these community programs. PRB also encourages youths to complete their education and to work to support their parents. Tenants need to be financially secure to be able to:
1. Be good role models in their communities.
2. Provide for their families.
3. Save to migrate to their own homes.
4. Properly educate their children and to prevent early school dropouts.
5. Adult children to support their own families and to be less dependent on public housing.
2.0 Community Partners
These partnerships ensure that all PRB owned estates and its tenants are afforded with every opportunity for development financially and holistically. The partnership details are as follows:
• Estate Committees – PRB appoints estate committees voted by tenants at its annual estate meetings. These tenants lead at estates and assist PRB with managing the day-to-day running of each estate.
• Ministry of Women, Children and Social Protection – The Ministry assists tenants by providing social welfare assistance as well as providing training to women clubs.
• Ministry of Youth and Sports – The Ministry assists youths with the various youth training programs they offer. They also encourage youths not to be idle but to be trained and engage in sporting activities they are interested in which they can also earn through refereeing or coaching.
• Save the Children Fiji – through this partnership the PRB has been able to establish early childhood education centres in two of its estates, with plans to roll the out the same for other estates. This ensures that the all children within the PRB system can access early childhood education locally and at affordable prices.
• Commercial Banks – The Fiji Development Bank, Bred Bank and others have conducted financial literacy training at estates. They train tenants with how to manage their finances and save.
• Unit Trust of Fiji – The UTOF has also conducted training at estates with financial management and the savings options with their company.
• Fiji Police Force – An MOU with the Fiji Police Force was signed in year 2021. This partnership ensures that tenants are educated to be good law-abiding citizens.
• Estate Clubs – There are women and youth clubs that exist in every estate. This partnership with the women/youth groups ensures that all women/youths at estates are empowered and provided with programmes to not only strengthen their partnership with PRB but to also provide them with income generating opportunities.
Vision
To be the leading provider of affordable, quality and appropriate rental properties for our customers.
Mission
The Public Rental Board will achieve its vision through:
- Facilitating the development of affordable and quality rental housing to meet the socio economic needs of customers.
- Maintaining efficient and effective customer service to meet customer expectation.
- Maintaining and enhancing flats to Public Rental Board standards.
- Empowering customers through innovative public relations and community building.
- Providing cohesive communities while enhancing commercial openings that can be used to facilitate win – win opportunity for everyone.
- Undertaking profiling and analysis of existing and potential customers.
- Promoting Public Private Partnership (PPP) for innovative development and funding.
Corporate Values
Quality Customer Service
- Our customers are foremost in our minds.
- We strive for the highest professional standards, delivering our products and services that satisfy our customers.
Duty of Care
- We respect each other and show concern for one another’s well-being.
- We have trust and confidence in one another’s ability.
- We value and appreciate each other as corporate citizens caring for the welfare of the community.
Learning
- We believe in lifelong learning.
- We upgrade our skills and knowledge so that we can give our best to PRB.
Innovation
- We seek new and creative ideas to improve our products and services.
- We consciously implement productivity improvements in all areas of our work for a viable organisation.
Teamwork
- We believe in working as a team and helping each other to overcome difficulties and achieve common goals.
Corporate Objectives
PRB will undertake to achieve the following objectives:
- Re-profiling
- Re-profiling of customers in order to obtain a better understanding of PRB customers.
- Provide Government with a more precise determination of rental subsidy.
- Definition and assertion of socio-economic standing of the income range of PRB customers.
- Encourage homeownership for customers earning above $317 weekly household combined income.
- Rent Review
- Ensure equitable distribution of rental subsidy and social cost (non-commercial obligation) compensated by Government.
- Maintain rentals at viable level.
- Increase income.
- Government Grant and Aid
- Continue assisting financially disadvantaged tenants.
- Building more flats that are affordable to customers.
- Subsidy on construction costs.
- Rental subsidy requested to Government to make rental affordable to customers.
- Rental Property Stock versus Demand
- Better information and viable partnerships with other developers of low cost rental accommodation to meet demand.
- Plan and construct at least 500 flats per annum.
- PRB’s Cost Structure
- PRB recognises that its current cost structure needs to be reduced and benchmarked.
- Socio Economic Obligation
- Reduce squatter settlements.
- Promote healthy living.
- House urban workforce.
- Housing tenants in export finance and import substitute industries.