Funding initiatives

A number of partnerships are in place to help expand the supply of affordable housing for low income Victorians:

The Australian Government’s Nation Building: Economic Stimulus Plan  has made $1.5 billion available to deliver 5000 new affordable rental homes. Half of these homes will be owned by not-for-profit housing associations

The National Rental Affordability Scheme (NRAS) is an Australian Government initiative that aims to increase the supply of reduced cost rental housing for low and moderate income individuals and families across Australia. The Scheme involves the allocation of a National Rental Incentive to participating organisations, to encourage large-scale investment in and innovative delivery of affordable housing.

The National affordable housing agreement aims to ensure all Australians have access to affordable, safe and sustainable housing that contributes to social and economic participation.