A local community housing provider is aiming to ensure the Hunter gets its fair share of a $10 billion war chest.
Applications for funding through the Housing Australia Future Fund (HAFF) and the National Housing Accord (NHA) open this week.
And, Home in Place wants to be among the organisations to benefit from the financial assistance.
The HAFF was established in November, with the federal government claiming it will help deliver 30,000 new social and affordable rental homes in the program’s first five years.
Meanwhile, the NHA will also play a major role moving forward.
Again, the government is committed to supplying an additional 10,000 affordable homes over five years from 2024.
Home in Place CEO Australia Lyndall Robertshaw said the initiatives were a smart investment in vital infrastructure.
“A safe and secure roof over your head is a fundamental human right,” she stated.
“Without it you can’t be productive, properly care for kids and others, or contribute to your community.
“The anxiety and stress caused by a lack of housing security has devastating consequences on almost every indicator of human wellbeing.
“Rents and house prices have continued to rise in the Hunter with asking rents increasing by another 8.2% over the past 12 months and the median rent reaching $558 a week.
“Other rising cost of living pressures are making the crisis worse, especially for low paid workers and those on benefits.
“With Hunter rental vacancy rates of just 1.4%, renters are being forced to look to a social and affordable housing system, which is already bursting at the seams.
“There are already 56,000 households on the NSW social housing waiting list, including 4,544 in the Hunter, highlighting the critical lack of supply.”
Ms Robertshaw said Home in Place was eager to work with local developers who had shovel-ready projects.
“We would love to hear from anyone interested in being part of the solution to the housing crisis,” she added.
“When government funding, private developers and not-for-profit housing providers come together, great things can happen.”
Home in Place manages 4,081 social and affordable housing properties in the Hunter.
People can get in touch via homeinplace.org/partnerships.
For more property stories:
- Newcastle among state’s best in housing approvals
- Hunter Valley winery for sale with $16 million price tag
- What’s your patch of dirt worth? Hunter land values revealed
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