News
27 September, 2024
New housing on the horizon for Somerset
More social and affordable housing is on the way for Somerset, as part of 13,700 new homes to be rolled out across Australia under the Housing Australia Future Fund (HAFF).
Future Fund (HAFF). The f rst round of HAFF and National Housing Accord programs will deliver 4,220 social and 9,522 affordable homes, including 1,267 homes for women and children escaping domestic violence and older women at risk of homelessness.
The Fund will also support housing in remote Indigenous communities, and housing and specialist services for veterans experiencing homelessness or at risk of homelessness.
Housing Australia has recommended contract negotiations for 185 projects, with construction on almost 40 per cent of the 13,742 dwellings forecast to get underway this financial year.
Round one of the programs’ funding will unlock $9.2 billion of investment in social and affordable housing, and the private and community housing sectors.
The programs will provide an ongoing funding stream to build 40,000 projects, with applications for round two opening in the next six months.
Federal Member for Blair Shayne Neumann said he expected to see a number of housing projects rolled out in Blair.
“The first round of funding will deliver thousands of social and affordable homes for those that need it most, including in Ipswich and the Somerset Region,” he said.
“We want to reduce the stress of housing – the long waits on housing lists, the long queues for rentals, the out of reach deposit for first home buyers – we’ll reduce these issues if we build more houses, which these projects do.
