New trial underway for social housing in Victoria

A new pilot scheme underway in Victoria could result in more affordable and social housing being built.

Six parcels of surplus Victorian government-owned land, mostly former government schools, are now being developed into a mix of private, social (community) and affordable housing – part of an Inclusionary Housing Pilot – with a shortlist of developers announced recently by the state government.

The surplus land in Boronia, Broadmeadows, Parkville, Wodonga, Noble Park and Reservoir will be sold at market rates to the successful developers once a final decision has been made in March. The project will see “at least” 100 new social homes built across all sites.

Affordable housing options are also being sought as part of the developments, though no minimum amount has been set in the pilot scheme.

Seven developers – Defence Housing Australia, Intrapac Property, Investec Australia, Lendlease Retirement Living, MAB Corporation, Metricon Homes and The Barnett Foundation – have been shortlisted.

Local councils are hoping this pilot would see inclusionary zoning more widely introduced in Victoria as part of local government planning schemes.

Click here to read more.

Source: Domain