The Albanese Labor Government is taking a number of actions in next month’s Budget to improve the supply of rental housing, including to support more social and affordable rental housing, the National Tribune reports.
These commitments will help more Australians secure a safe and affordable place to call home.
The Government will support an additional $2 billion for more social and affordable rental housing in next month’s Budget, increasing NHFIC’s liability cap from $5.5 billion to $7.5 billion from 1 July 2023.
This additional financing will enable NHFIC to support more social and affordable rental homes by providing lower cost and longer-term finance to community housing providers.
Minister for Housing Julie Collins said the $2 billion financing boost will support the Government’s commitment to deliver more social and affordable rental homes.
“The Albanese Labor Government was elected with an ambitious housing agenda,” Minister Collins said.
“This boost in the Budget will help get more Australians into affordable rental homes sooner.
“This is action that will have a real impact on people’s lives, and will support our plans to build tens of thousands of additional social and affordable rental homes right across the country.”
The Government will also offer incentives in next month’s Budget to increase the supply of rental housing by changing arrangements for investments in built-to-rent accommodation.
FULL STORY
Billions to boost social and affordable rental homes (National Tribune)
PHOTO
