Today, January 15th, 2024, marks the commencement of major funding availability for Community Housing Providers (CHPs) under the Government’s $10 billion Housing Australia Future Fund and National Housing Accord.
Registered CHPs will now be eligible to receive funding in the form of availability payments, concessional loans, and in some instances capital grants.
CHPs are dedicated organisations whose mission is to provide social and affordable housing. CHP housing has doubled over the past decade and these not-for-profits continue to deliver new social and affordable housing amid long-term limping housing supply that has so many low to moderate income earners hurting.
PowerHousing Member CHPs are critical to the housing sector as they are scale not-for-profits, focused on providing social and affordable housing for those facing some measure of housing hardship.
With housing affordability already rattling around the bottom of the barrel, last week’s monthly consumer price index painted a grim picture for rental prices in Australia. Excluding the changes to Commonwealth Rent Assistance program, rents would have risen 8.8% over the 12 months to November,
With housing affordability in the doldrums, we must seize upon this once-in-a-generation $10 billion investment in social and affordable housing, and Australians are counting on us to see the program through to completion.
CHPs, state governments and their partners are ready to commence a scale program of social and affordable housing that will deliver sustainable long-term affordable accommodation for Australians.