A PARTNERSHIP between community housing provider National Affordable Housing and the Queensland government will see up to 335 homes saved for social and affordable housing across the Sunshine State.
The homes across Townsville and South-East Queensland will be secured under funding from the government’s $2 billion Housing Investment Fund, which was doubled last October, adding to the largest concentrated investment in social housing in state’s history.
“With private housing supply at capacity, we are constantly looking for innovative ways to keep vulnerable Queenslanders in homes. That includes securing existing dwellings,” said Cameron Dick, treasure and minister for trade and investment.
National Affordable Housing will buy up to 335 individual properties that investors have set to sell upon exiting the federal government’s National Rental Affordability Scheme, which is scheduled to close soon.
“The impending closure of the National Rental Affordability Scheme means now is the time to act,” said Annastacia Palaszczuk, premier of Queensland.
“By purchasing these homes, we can provide peace of mind for existing residents and homes for households from the social housing register where properties are vacant. Securing these homes is another way my Government is providing a fair go for renters.”
Over 50 homes are already under contract, with the purchase of up to 100 properties to settle across the second half of 2023.
Properties will include a mix of detached housing, townhouses, duplexes and apartments.
“The Housing Investment Fund gives us the means to support more of these types of proposals, which are one of the quickest ways to address housing need,” added Dick.
“The current round of the Housing Investment Fund is focussed on supporting ‘ready to proceed’ projects that involve either new construction or existing dwellings on privately-owned sites.”
