The Rudd government yesterday released the technical paper on its $512 million Housing Affordability Fund, which will aim to lower the cost of building new homes through a focus on supply constraints.
In particular the Fund will address the holding costs incurred by developers as a result of long planning and approval times, as well as the costs of infrastructure like water, sewage and transport.
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The Fund will be distributed by direct grants to local governments, local government associations and State and Territory governments through a selection process aligned to a needs-based selection criteria.
The government is inviting submissions on the policy from industry stakeholders.
Published: 12-06-08