Building on Australia’s largest public housing investment
31 May 2019
The
ACT Government will
soon begin a new
public housing renewal and growth program which will
see $600 million spent on new public housing in
Canberra.
In October 2018 the ACT Government made a commitment through the ACT
Housing Strategy to invest $100 million into the growth and renewal of
the public
housing portfolio.
Today, the ACT Government is building on that commitment through the
release of the Growing and Renewing Public Housing 2019-24 plan, an
action under the ACT Housing Strategy.
The plan outlines how the government will renew 1000 homes and add 200
homes to the public housing stock over 5 years.
The $100 million investment will enable the government to add 200 homes
to the portfolio and set in motion the sale and renewal of old public
housing properties to generate an expected $500 million that will be
reinvested into growing and renewing public housing stock.
Over the ten years to 2024, the ACT Government will have invested more
than one billion dollars in public housing and renewed approximately 20
per cent of the public housing portfolio.
This unprecedented investment in public housing demonstrates the ACT
Government’s commitment to supporting low income and disadvantaged
Canberrans.
Under this plan, the ACT Government will:
-
Demolish approximately 300 older dwellings that no longer meet the needs of tenants but are in locations close to shops, school, transport and services and replace them with approximately 700 new dwellings.
-
Build 360 new dwellings in new suburbs through the Indicative Land Release Program.
-
Purchase 140 homes from the private market to further the salt and pepper approach to housing.
-
Sell roughly 700 older dwellings at the end of their life to generate approximately $500 million to reinvest in new, modern public housing.
To meet the needs of current and future tenants, more
adaptable homes will be built for people with a range of abilities and
ages, as well as developing more two and four bedroom homes to better
suit the changing family size and needs of tenants.
This plan will commence at the start of the 2019-20 year, at the
completion of the current Public Housing Renewal Program that has nearly
completed the renewal of 1,288 homes.
Through the Growing and Renewing Public Housing 2019-2024 plan, the
Government will improve tenant experience, provide more public housing
and contribute to building a progressive and inclusive city that
supports vibrant local communities.
The Growing and Renewing Public Housing 2019-24 plan is available at
www.act.gov.au/homes-housing
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Source: ACT Government - www.cmd.act.gov.au
Contact: Megan Cursley (02) 6207 1653 0435 960 505
External Links: N/A
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