The Australian Government is seeking ways to make more community housing available to those finding it increasingly difficult to rent affordable homes.
ABC News' political reporter, Stephanie Anderson, writes:
Low income earners struggling with rent could soon get a helping hand from the Commonwealth as it works towards a government bank to fund community housing.
The Government is flagging action on affordable housing amid an ongoing political battle over the issue.
It is establishing a taskforce to design a government lender that would provide cheap loans to community housing organisations...
Struggling with rent? There's a taskforce for that https://t.co/uGzNzLf85n #auspol #housing
— Stephanie Anderson (@stephanieando) 10 March 2017
James Massola of the Brisbane Times states that:
...By assessing and then combining a series of loan applications from community housing groups, an AHFC [Affordable Housing Finance Corporation] could raise large sums of money at lower rates and for longer terms and then distribute the money, while lowering costs for community housing groups.
That, in turn, could kick-start the building of hundreds of new community houses at the lower end of the market, particularly in Sydney and Melbourne, and would assist people struggling to find an affordable home to rent...
Scott Morrison examining new ways to kick tens of millions into community housinghttps://t.co/ZrwKeurAbG pic.twitter.com/hvftphUyBm
— Brisbane Times (@brisbanetimes) 10 March 2017