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$vuetify.icons.faPhone1300 650 620

Grow the supply of social and community housing

Grow the supply of social and community housing

Underinvestment in social and community housing has persisted for decades and has diminished the capacity of the sector to accommodate the demand that will continue to grow post pandemic.

The creation of the National Housing Finance and Investment Corporation (NHFIC) bond aggregator has facilitated much needed capital investment in the affordable housing sector over recent years and this needs to continue.

The Australian Government has a role to play in facilitating ongoing investment that can increase the supply of subsidised housing, both social and community, to provide year on year growth in the supply of homes for Australia’s most vulnerable.

ACTIONS

Continue to support the NHFIC to issue bonds that facilitate the delivery of community housing.

Implement a funding mechanism that will facilitate greater private sector investment in residential development projects that increase the supply of community housing.

Through the National Housing and Homelessness Agreement identify mechanisms that can ensure all governments commit to the delivery of new social housing supply year on year without increasing the taxes on new housing.