A dedicated fund has been established to support innovative partnerships between the Victorian Government and consortia including the community housing, private, not for profit and local government sectors. It will go hand-in-hand with the other new social housing initiatives announced by the Victorian Government.
The Fund addresses increasing levels of homelessness, following years of underinvestment in social and affordable housing. It provides a long-term financial commitment to supporting a pipeline of housing development projects on non-Victorian Government land (private, not for profit and local government), and through a program of leasing properties from the private market.
How it will work
The Fund provides an ongoing mechanism for the Victorian Government to partner with the community, private, not for profit and local government sectors to deliver housing assistance to Victorians.
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Source: Victoria State Goverment