Budget Announcement: Victoria’s Big Housing Build

The Victorian Government has put security and stability of housing at the forefront of its agenda, with $5.3 billion set aside for the building of 12,000 new homes across both the metro and regional areas of Victoria.

9,300 of these will be set aside for new social housing, including the replacement of 1,100 old public housing units.

Of these new homes, 2,000 will be for Victorians living with mental illness.

A further 2,900 will be set aside as low-cost affordable housing.

All of these new builds will meet 7-star energy efficiency standards, acting as a stark change to the typical conditions of low-cost social housing within Victoria.

As part of these new housing developments, hundreds of new jobs will be created for women, Aboriginal Victorians, people with disability, social housing tenants, and people from diverse backgrounds through social procurement targets.

The last year has shown the importance of good quality, stable, secure, and accessible housing. The tower lockdowns earlier this year, plus the strains of quarantine, has meant many of us have spent more time at home than ever. This project will significantly improve the lives of thousands of Victorians.

To read the full release, click here!

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