The State Government’s Homes for Victorians strategy released yesterday will boost housing affordability, access, and choice for people trying to find a home.
Haven; Home, Safe Chief Executive Officer Ken Marchingo said the long-awaited housing strategy was historic for its size, scope and whole-of-government approach.
“The strategy also recognises that government alone cannot solve the housing affordability crisis,” he said.
“And we look forward to working in partnership with government, local council and the development sector to unlock the housing market for those who need it most.”
The Homes for Victorians strategy includes more than $2 billion in support for social and affordable housing, which was announced last week and other multi-million dollars funding measures including the Family Violence Housing Blitz, Rapid Housing Fund, and Private Rental Assistance Program (PRAP).
In addition, the Director of Housing will transfer the management of 4000 public housing properties to housing agencies, like Haven; Home, Safe, on a long-term basis and provide one-off funding of $3 million to agencies to establish services and business support systems.
Mr Marchingo said this long-term arrangement would provide certainty to community housing sector to deliver services to those tenants who need it most.
“The additional revenue stream will also help us to create of more social housing,” he said.
Other initiatives outlined in the strategy will see the Victorian Government:
- Abolish stamp duty for first time buyers on homes up to $600 000 and cut stamp duty on homes valued up to $750 000
- Double the First Home Owner Grant to $20 000 in regional Victoria
- Create the opportunity for first home buyers to co-purchase their home with the Victorian Government
- Make long-term leases a reality