Strategy for growth
The Victorian Government's Strategy for Growth for Low Income Victorians (Strategy for Growth) and similar funding initiatives aim to increase the provision of affordable housing options through partnership with registered housing agencies.
It is expected that housing agencies will leverage the government's capital commitment through borrowings and third party contributions, resulting in increased affordable housing options.
To ensure that government funds provided to housing agencies are used to provide more affordable housing options for low income Victorians, the Office of Housing has introduced a policy framework to apply to applicants who will be housed in housing agency properties funded under the Strategy for Growth or similar funding arrangements.
The policy framework specifies income and asset eligibility limits, targeting and rent affordability. This enables housing agencies to fully analyse the financial viability of their proposals and supports the Housing Registrar in monitoring compliance by housing agencies.
Please note that the following policy framework does not apply to properties leased under the Housing Provider Framework.
