April 9, 2019

Federal Budget a missed opportunity to address affordable housing challenge

“The Federal Government’s 2019-2020 budget offered little to those wishing to tackle Australia’s social and affordable housing challenge” according to Kathleen Gregory, Foundation Housing, Chief Executive Officer.

“The Coalition Government deserves great credit for the successful establishment of the National Housing Finance Corporation. The credit facility it provides to community housing providers will enhance our sector’s ability to build dwellings for the people who need them. However, more needs to be done” said Ms Gregory

“The Australian Housing and Urban Research Institute (AHURI), estimate the social housing system needs to approximately double in size by 2036 to meet projected demand. There is currently no Federal Government commitment or plan to meet that target. The fact remains that more investment will be required if we are to ensure that homelessness rates, due to a lack of social housing, do not increase starkly in the years ahead” said Ms. Gregory

“It is also regrettable that more hasn’t been done to ease the pressure on low income households in receipt of statutory payments. The truth is that living costs such as utilities are increasing at a faster rate than the incremental increases in their pension leaving them in an increasingly precarious position,” Ms Gregory said