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$10b housing fund should be doubled, community providers say

Michael Bleby

Community housing providers bidding to develop more than 26,000 new affordable and social rental homes in the first round of tenders – nearly two-thirds of the 40,000 units the federal government is planning over five years – say the $10 billion program should be doubled to speed up the rollout of housing.

PowerHousing Australia, which represents the 37 largest community housing providers, said they collectively applied to develop 26,120 homes – up from an earlier estimate of 22,600 – in the tender round that closed in March and argued for the funding to be increased.

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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com

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    Original URL: https://www.afr.com/property/residential/10-billion-housing-fund-should-be-doubled-community-providers-say-20240502-p5foe8