100 New Homes Through New Rentals Development Program
Tenants once at risk of homelessness have begun moving into 100 new and affordable homes thanks to the Andrews Labor Government.
Minister for Housing Richard Wynne today visited some of the new properties in Moonee Ponds and met residents. The vast majority of tenants are women aged over 55 – and many have fled family violence.
The Labor Government’s New Rentals Development Program provides subsidies over the next decade to community housing agencies to lease newly-built homes to house low income and disadvantaged Victorians.
The Government has invested $10 million to help house more than 100 tenants at risk of homelessness, partnering with Common Equity Housing and Affordable Rentals Victoria.
Under the program, around 540 rental properties will be leased from the private sector by housing agencies to increase the availability of social housing rental stock and encourage investment in new social housing for the rental market.
Common Equity Housing join Housing Choices Australia and Housing First as the agencies to deliver the first round of the New Rentals Development Program.
The program is the first project delivered as part of the Labor Government’s $1 billion Social Housing Growth Fund – which is expected to create up to 2,200 new social housing properties across the state over the next five years.