RESIDENTIAL PROPERTY

Social housing investment to deliver over 2k homes

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THE Victorian government will deliver 2,352 new social homes, as part of the first allocation of funds in its Big Housing Build project.

The new injection into social housing will see the homes delivered across 89 projects, in the largest investment allocation announced to date.

“We’re getting on with delivering our Big Housing Build, giving more people the certainty of a roof over their head and the security of a job,” said Richard Wynne, minister for housing.

The state government’s $5.3 billion Big Housing Build, including $1.25 into regional areas, is set to see more than 12,00 new homes injected into Victoria’s social housing supply, while also creating 10,000 jobs each year over the four years outlined for the program.

“More than $1 billion in projects will start this year – delivering new housing and hope to thousands of Victorians,” added Wynne.

This latest nearly $740 million investment into community housing projects will also create over 9,000 jobs across the state.

The total value of the projects has been placed at over $1 billion, with homes to be located across 38 local government areas.

The projects will include a 152-home development in Melbourne, as well as several two-home developments across regional Victoria.

With the regional projects to be located in areas such as Ballarat, Baw Baw, Benalla, Corangamite, Glenelg, Bendigo, Geelong, Shepparton, Horsham, Latrobe, Mitchell, Moorabool, Southern Grampians, Surf Coast, Warrnambool and Wodonga.

The investment will include the delivery of 62 new supported independent living homes for Victorians living with mental illness, which will be built across four sites.

“This is so much more than a construction project – it’s a safe place to call home, training and apprenticeship opportunities and thousands of local jobs,” concluded Wynne.

The government will partner with 22 community housing agencies to deliver the social housing projects, with construction set to begin by the years end.

Back in May, the Victorian government announced plans to partner with community housing organisations and the private sector in delivering more than 1,000 new homes worth more than $500 million.

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