The ACT Government will reduce lease variation charges on Community Housing Providers (CHPs) or private developers that include social or affordable rental housing, aiming to boost supply and lower costs.
Under the new rules, developments of at least 10 homes will qualify if 15 per cent or more are set aside for social or affordable rentals. Discounts of up to $250,000 per dwelling will apply to developments owned and managed by registered CHPs, and of up to $100,000 for social and affordable dwellings not owned by CHPs.
Independent MLA Thomas Emerson said the government’s announcement was “a welcome step forward” in policies to make it possible for Community Housing Providers to deliver homes.
“It’s completely unacceptable that so many Canberrans do not have access to safe and secure housing,” Mr Emerson said. “The private housing market is not accessible for a significant number of people in the ACT, and it’s our responsibility as a community to support those people…
“My supply-and-confidence agreement includes a commitment to increase the proportion of public and community housing in the ACT, which has been going backward for decades. This announcement needs to move us toward fulfilling that commitment.”
Read the article here: https://canberradaily.com.au/act-cuts-lease-variation-charges-for-social-and-affordable-housing/