The framework for affordable housing in Australia is inadequate and driven by funding opportunities rather than defined housing needs, a new report has warned.
Researchers at the Australian Housing and Urban Research Institute (AHURI) released a report on Wednesday examining how to best fund affordable housing.
The study analysed six recently completed affordable housing developments across Australia to gauge how affordable housing project costs, revenues and subsidies interacted to produce affordable housing.
It found that affordable housing projects were being driven by funding opportunities rather than defined housing needs, reducing their effectiveness.
One of the authors of the report, Dr Laurence Troy, told Pro Bono News that affordable housing projects had to make do with “the opportunities available to them”.
“And because of the inconsistency in policy and subsidy support mechanisms it meant that they were not producing the best [possible] outcomes,” Troy said.
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