Through the Queensland Housing Investment Growth Initiative (QHIGI), the Govt are delivering a strong, coordinated program of capital investment to increase housing across the state.
The QHIGI was established to accelerate the delivery of 6,365 new social homes, through a $1.8 billion investment in a 4-year, integrated capital investment program across the state.
The QHIGI provides opportunities for a range of individuals, organisations, developers and housing providers to deliver more housing for those who need it, through a framework to boost housing supply. This includes a strategic, cross-government response, for planning and economic development opportunities and access to underutilised government-owned land.
The QHIGI is being delivered through 3 funding initiatives:
- The Housing Investment Fund—funding partnered projects to increase social housing and additional affordable housing supply
- QuickStarts Qld—a capital investment program to accelerate construction, redevelopment and purchase expenditure to deliver new homes sooner
- Help to Home—partnering with property owners, landlords and registered community housing providers to deliver housing outcomes to people in need.
This approach to funding enables strategic partnerships between the state and a range of potential participants such as the Australian Government, local governments, registered community housing providers, private developers, institutional investors, and not-for-profit partners, either individually or as a group.
It provides flexibility to deliver projects that meet local needs and enables the development of a mix of public housing, community housing, homelessness accommodation and mixed-use developments that leverage site-specific opportunities.
The state’s financial investment can be utilised to deliver more social and affordable homes by enabling registered community housing providers to access funding through the National Housing Finance and Investment Corporation.
The QHIGI also provides opportunities to strengthen Queensland’s construction sector while providing a place to call home for thousands of Queensland households.
Find out more about how you can be involved.
Further information can be found at: Queensland Housing Investment Growth Initiative.