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A banker's plan for low-cost housing

House prices are through the roof but one former banker has a plan that is garnering the interest of the federal government and superannuation funds as to how to solve the affordable-housing problem.

How do you solve the low-income and affordable-housing funding conundrum that has vexed governments for years and that may be an issue when the federal election is contested later this year?

Andrew Tyndale, a former Macquarie Group investment banker, claims to have the answer and has proposed a financing model that is drawing interest from federal Minister for Social Services Christian Porter and large superannuation funds such as First State Super.

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Matthew Smith writes on personal finance specialising in companies, managed funds and investing themes from our Sydney newsroom. Connect with Matthew on Twitter.

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    Original URL: https://www.afr.com/companies/financial-services/a-bankers-plan-for-lowcost-housing-20160223-gn0v7n