$8,500 SA Housing Construction Grant Extended

Premier Jay Weatherill and Federal Housing Minister Mark Butler today added more good news to the building industry with announcements that will see:

AN extra $30 million to build 100 new social housing dwellings and $20 million to help community housing providers build 75 homes.

THE the number of homes built through the Federal Government’s National Rental Affordability Scheme current round doubled to 2000 – this includes 200 new homes in South Australia at a cost of $20 million, where developers are given incentives to build and rent dwellings to low income tenants at 20 per cent below market rents.

With the Housing Construction Grant extension it takes total new spending in the state Budget for the State Affordable Housing Stimulus Program to $88.7 million;

Mr Weatherill said he wants a substantial proportion of the 175 homes in the new social and community housing package under construction by the end of the year.

The new measures along with programs already in place means construction should start on more than 930 homes over the next 18 months from a total investment in affordable housing of $220 million which should support more than 2400 jobs.

“This will mean jobs flowing through the economy – there is an extraordinary multiplier effect in the housing sector, not just on the actual construction site,” Mr Weatherill said.

Mr Butler also wants fast action on the new rental homes, saying the government has opened `shovel-ready’ applications for homes which should be substantially completed by June next year and ready for rent by December 2014.

“More than 1700 homes have already been built in South Australia under the scheme and many more are in the pipeline – these are a very big boost to construction jobs and also to the supply of affordable housing,” he said.

Source: The Australian

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