Bids to the Fund are now open to social housing providers so they can access affordable finance to create up to 2,200 new social housing places through the construction of new dwellings and leases.
Eligible community housing organisations will have access to $1.1 billion in low interest loans and Government guarantees.
Over the next five years a series of tender processes will be run through two programs funded by the Victorian Social Housing Growth Fund – the Build and Operate Program and the New Rental Developments Program. Both projects are part of Homes for Victorians, the Government’s comprehensive plan to make housing more secure and affordable.
‘We look forward to seeing what communities, councils, philanthropic partners and housing agencies propose to help us deliver over 2,000 social units for those in our community who are most in need,’ said the Minister for Housing Martin Foley.
For more visit our Victorian Social Housing Growth Fund page.