A new PEXA-backed platform, the first national registry of affordable housing, could unlock “hundreds of millions” of dollars of private investment into affordable housing by tracking developers’ commitments and providing a governance record to ensure promises are met.
The Affordable Housing Register would offer a verifiable way for individuals to own and lease out units for qualifying key workers at below-market rents, widening the pool of money in affordable housing beyond institutions and community housing providers, said platform founder Rob Pradolin.
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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
