• Work has started on Stones Corner development funded through the Palaszczuk Government’s Housing Investment Fund (HIF)
• 82 social and affordable units for people on the social housing register and essential workers

Construction crews and heavy machinery have rolled out in Brisbane’s inner south to build 82 new social and affordable homes.

The units will provide housing for people on the social housing register and low-income workers employed in nearby retail, health and administrative services.

Forty-six homes will be one-bedroom units, nine will be two-bedroom units and the remainder will become studio apartments.

It’s the fifth project to be announced under a partnership between Brisbane Housing Company and QIC, funded through the Palaszczuk Government’s signature $2 billion HIF.

More than $479 million in project funding and 1,600 homes have been approved under the HIF, while another 71 proposals have been shortlisted to progress to the next stage of assessment.

In total, the HIF will see more 5,600 new social and affordable delivered, under construction or under contract over the next five years.

Construction will take place over the next year and a half.

Quotes attributable to Minister for Housing Meaghan Scanlon:

“One of the biggest talking points by leaders at last week’s national housing conference was the desire to see institutional investors and super funds get involved."

“That’s exactly what’s happening here, leveraging investment to get more homes off the ground.

“Places like these will become homes for local workers, families escaping domestic violence, young people looking to get a good job or education, and a place for many people with a disability to live independently.

“It’s disappointing to see the similar, Housing Australia Future Fund voted against by the LNP– a proposal that now provides funding certainty for up to 30,000 homes into the future.”

Quotes attributable to Member for Greenslopes Joe Kelly:

“The density of this development is an example of the kinds of housing being built here in this community and fits in well with the surrounding neighbourhood.

“Located close to public transport, including the Stones Corner busway station and the Buranda train station, schools, shops and essential services, these homes ensure that residents can connect with the services and supports they need.

“We know that our inner-city suburbs are growing, and that we need to provide more social and affordable homes to to accommodate this growth.”

Quotes attributable to BHC Chief Executive Officer Rebecca Oelkers:

“Every single one of these new social and affordable homes will change the life of someone in housing need in Brisbane,” she said.

“We are thrilled to get this inner-city development underway - we know that providing high quality, safe and affordable housing across our communities has never been more important.

“We look forward to contributing to the thriving and diverse community here in Stones Corner and to welcoming our new residents home as soon as possible.”

ENDS

Media contact: Francis Dela Cruz - 0420 592 078