Note: The issues paper was originally published on 2 February 2016
On 7 January 2016, the Australian Government announced the establishment of an Affordable Housing Working Group (the ‘Working Group’) following a request from Treasurers at the Council on Federal Financial Relations (CFFR) meeting in October 2015 for further work on housing affordability.
The Working Group focussed primarily on investigating ways to boost the supply of affordable rental housing through innovative financing models. These models are aimed at the social housing sector and the private rental market for low-income and disadvantaged households.
The Working Group undertook a public consultation process (2 February 2016 - 11 March 2016), which included a call for submissions from interested parties on innovative ways to improve the availability of affordable housing as highlighted by the attached Issues Paper.
The Working Group delivered its report to Heads of Treasuries on 3 November 2016. At the CFFR meeting on 2 December 2016, Treasurers considered the Working Group’s report. Treasurers agreed to the recommendations of the report, in particular the establishment of a bond aggregator taskforce, and agreed to make the report publically available. The taskforce will design a bond aggregator model and report back to Heads of Treasuries by mid-2017.
Further information can be found in the related content.