News: Bond plan for cheap housing
Posted: Tue Apr 18, 2017 12:59 am"Tens of millions of dollars could be pumped into low-cost community housing under a budget initiative being strongly considered by the federal government.
As governments at all levels grapple with Australia’s housing affordability crisis, work has been under way for months on new ways to fund community housing, using a so-called ‘‘bond aggregator’’ model based on an approach taken in Britain.
It’s hoped the scheme could kickstart construction of hundreds of new community houses at the lower end of the market, particularly in Sydney and Melbourne, and would assist people struggling to find an affordable home to rent.
Treasurer Scott Morrison will discuss the proposal with his state and territory counterparts in Canberra on Friday week."
More at source: http://todayspaper.smedia.com.au/theage/shared/ShowArticle.aspx?doc=AGE%2F2017%2F03%2F10&entity=Ar00103&sk=7ACA2F62
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