The Australian Capital Territory has agreed to provide $2.8 billion over five years for affordable housing, a move that will see the Territory’s most populous region become the first in the country to fund such a fund.
Key points:The Federal Government announced a $1bn affordable rental supplement in January and announced it would provide a further $1.9bn over the next five years, with $3.3bn for social housing in the first half of the next yearKey points Towns and regional areas are the focus of the plan to build affordable housingIn February, the Government announced it was investing $1 billion in the affordable housing sector, but only for the first five years.
It said $1,000 of each tax dollar would go to the fund.
Mr Morrison said he had been in discussions with the Federal Government on the funding package and the funds would be spent as quickly as possible.
“The first step towards making sure that we are providing the resources to ensure that affordable housing is provided to our community, that’s what we’re going to do, and then we’ll work with the state and territory governments to make sure that they are providing that,” he said.
“I think it’s important that we have this funding now, because in some ways we don’t have it today.”
He said the Government had also committed to making $5 billion available for regional development, which would allow regional communities to access more affordable housing.
“We are working with the State Government to help them in the regional development sector and that’s the first step,” Mr Morrison said.
Mr Moore, who has been the chairman of the NT Housing Authority for five years and was the regional leader for the NT Region in 2016, said the funding would allow for a $10 billion affordable housing infrastructure fund.
“It’s a good start, but there’s a lot more to be done, so I think it is important that it gets there, it’s a big start, and that it’s taken forward,” he told ABC Radio NT.
Mr Turnbull has pledged to invest $1 trillion in infrastructure over the decade, but said it was important that this funding was rolled out quickly.
“Let’s make sure we don’ t have the housing crisis in our state and Territory, because that will have a knock-on effect for other parts of the country,” he has said.
The Federal Opposition has said it will oppose the funding.
“This is a big investment, but it’s not a quick investment, because we need to fund the infrastructure that will ensure we have a better future for our children, for our grandchildren and so that we can have a prosperous and prosperous future,” Senator Larissa Waters said.