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

Michael Bleby
Michael BlebyDeputy property editor

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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