$2.1b Social Housing Package – Victorian Government announcement
The Victorian Government announces $2.1b dollar Social Housing Package which will allow organisations to access low interest loans.
The Growth Fund is a collaboration between government, the private and philanthropic sectors, will provide dedicated assistance to community housing associations to help support up to 2200 households.
In addition the management of 4000 public housing properties will be transferred to the community housing sector to improve services to tenants through better property management, local housing services, access to support services and grow social housing. The Government will work with partners and stakeholders during the transition.