$173 million for new affordable housing in Victoria

Posted on April 4, 2009 by peter 
Filed under Australia Real Estate News · Tagged:

VICTORIA will get $173 million to build new affordable housing for families in need, the Federal Government announced today.

Federal Housing Minister Jenny Macklin said the investment was part of phase one of the $6.4 billion social housing component of the government’s Nation Building and Economic Stimulus Plan. Some $692 million has been distributed nationally.

“Working with the Victorian government, we have committed to deliver 667 new social housing dwellings across the state by July next year,” Ms Macklin said.

“Not only does this mean new homes for families, it will also support jobs in the construction industry, including apprenticeships.”

Victorian Housing Minister Richard Wynne said the new homes would deliver benefits to those Victorians in need.

“This boost from the stimulus package will help create or secure more than 3,000 new jobs as well as providing more affordable housing for the Victorian community,” he said.

“We’re looking to make housing more affordable for low and middle income earners by building new homes across metropolitan Melbourne and Victoria’s regional centres.”