PLY: Australian government seeks to create more affordable housing with various possibilities including SIBs…
Affordable Rental Housing: Turnbull Government Calls For Submissions On Boosting Supply
Gareth Hutchens – SMH
The Turnbull government has called for public submissions on ways to boost the supply of affordable rental housing across Australia using innovative financing models.
It says affordable housing is “too large a problem” for governments to solve and finance alone, and it needs help designing financing models that will boost the supply of homes for low-income households.
It has released an issues paper with four potential financing models that could be used to attract funding from private investors.
They include: housing bonds (to attract debt financing of affordable housing), a housing trust (to attract large-scale investors), a housing co-operative (to provide homes for its members), and social impact bonds (to allow investors to pursue social and financial returns).