The Property Council has welcomed the Queensland Government”s announcement seeking affordable and social housing proposals through the $2 billion Housing Investment Fund (HIF), with annual funding of $130 million a year now available.
Expressions of Interest are open until 8 May 2023 and are focussed on ready-to-go social and affordable housing developments on privately owned sites, including stand-alone affordable housing projects.
Projects can involve new construction or the repurposing of existing dwellings.
In a move supported by the Property Council, the State Government has also called out Build-to-Rent projects as a good example of the type of developments the Housing Investment Fund could support.
The Queensland Government also announced today that Cedar Pacific will partner with Government on the delivery of 470 dwellings on the former Children”s Court site at 50 Quay Street, under the Build-to-Rent pilot project.
As highlighted in the Property Council”s landmark report “˜A home for every Queenslander“, facilitating the delivery of Build-to-Rent will be critical in quickly increasing housing supply in Queensland, providing more housing options and greater security for renters.
The expansion of the HIF is well timed, with the Property Council”s national report, ‘A Stark Reality‘– launched at Parliament House in Canberra yesterday- urging stakeholders across the housing continuum to look at new and innovative ways to increase the overall supply and choice of housing typologies.
For more detailed information on the new round of the Housing Investment Fund please click here.
Alternatively, if you have any questions about the Property Council”s housing advocacy, please contact [email protected].