• Seventy-one projects are through to the next stage of assessment under the Palaszczuk Government’s latest Housing Investment Fund (HIF) round
• It builds on the projects already announced for support in the fund’s pipeline, which are expected to deliver more than 1500 homes
• The HIF is part of a record $5 billion for social and affordable housing – the largest investment in Queensland’s history – to help deliver 13,500 homes by 2027

Shortlisted proponents have put forward 71 proposals to address particular demands for social and affordable homes across Queensland, with over 60 per cent of proposed homes outside of Brisbane.

After an expressions of interest process, these proponents will now be invited to provide government with detailed proposals for consideration.

With the focus of the current round on ready-to-proceed projects, there is potential that construction could start on a number of these projects as early as next year, and make a significant contribution towards the 5600 home target.

The Palaszczuk Government’s Housing Investment Fund was bolstered in 2022 to $2 billion, to provide subsidies, one-off capital grants and other support to encourage the development, finance and operation of social and affordable housing across Queensland.

Expression of interests for private projects opened in February this year, with 199 proposals put forward by 115 proponents and assessed against criteria including value for money, timely delivery and proponent capability and experience.

Quotes attributable to Housing Minister Meaghan Scanlon:

“Every Queenslander deserves a roof over their head.

“To tackle the impact national housing pressures are having here, we need to work with industry to look at new solutions and ways of doing things – that includes unlocking more affordable housing.

“The Housing Investment Fund means that Queenslanders will be able to continue to access critical funding for housing projects not just now but into the future.

“It’s disappointing to see similar proposals by the Federal Government being blocked by the LNP and Greens – a proposal that would provide funding certainty into the future.

“What’s clear is all levels of government, industry and the community housing sector need to continue to work hand-in-hand to address national housing pressures as quickly as we can.”

Further information:

For more information on the Housing Investment Fund click here.

ENDS

Media contact: Francis Dela Cruz – 0420 592 078