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Earlier this month, the Federal Government registered an updated Investment Mandate to commit an additional $1 billion of funding to the National Housing Infrastructure Facility (NHIF), a funding program administered by Housing Australia.
The funds comprise of up to $700 million for grants and $300 million for concessional loans to support the delivery of more crisis and transitional accommodation for women and children experiencing domestic violence, and for youth experiencing homelessness.
“Across the whole housing continuum, Australia faces housing shortages. This includes private housing, private and long-term rentals, social and community housing and crisis, temporary accommodation and transitional housing.
“HIA continues to advocate that all forms of housing are needed across all locations. It is not one form of housing over another, rather we need to boost supply across the board.
“As part of this we need to see policy levers and funding directed to support the delivery of each form of housing across the continuum.
“The funding announced today, for targeted action to support boosting the supply in crisis, temporary accommodation and transitional housing is an important initiative towards a critical part of housing mix for our most vulnerable parts of society,” concluded Ms Martin.
With the Tasmanian Liberals announcing today that if re-elected they will reinstate the grant for eligible Tasmanians building their first home to $30,000, there is renewed cause for optimism.
“The NSW Government has announced that it will act as guarantor on up to 50 per cent of approved housing projects to bring forward the commencement of new construction,” stated HIA Executive Director NSW Brad Armitage.
The Housing Industry Association (HIA) has welcomed the focus on housing in the 2025/26 ACT budget to be handed down tomorrow, according to HIA Executive Director for ACT & Southern NSW, Greg Weller.
"Today's announcement of skills funding in the upcoming budget is welcomed by the housing industry," said Brad Armitage, HIA NSW Executive Director.