Social Housing Growth Fund




PROJECT
PIPELINE
STATUS

Prospective pipeline

Credibly proposed

Announced

Under procurement

Preferred bidder announced

Recently closed
Social Housing Growth Fund
STATUS

Prospective pipeline

Greenfield (construction) or brownfield (government asset divestment) projects needed or likely to occur within the next five years, but is not formally proposed by a state, territory or major local government.

Credibly proposed

The project or divestment is supported by a state, territory or major local government, is subject to studies or other processes (such as pre-feasibility or scoping studies or business case development), and is likely to proceed to formal announcement.   

Announced

The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.

Under procurement

The project or transaction is under procurement (such as a call for Expressions of Interest, requests for tender, or another offer to the market).

Preferred bidder announced

A preferred bidder has been selected and is in exclusive negotiations.

Recently closed

Projects that have progressed to contractual close remain on ANZIP for 12 months.

ANZIP is focused only on major infrastructure activity, above the following thresholds:

Australia

Construction projects: > AUD$300m

Investable greenfield & brownfield: > AUD$100m

New Zealand

All greenfield and brownfield projects and divestments: > NZD $100 million


STATUS: Announced
VALUE: $1bn AUD
SECTOR: Social infrastructure
JURISDICTION: VIC
PROCUREMENT APPROACH: Confirmed PPP
TYPE: Greenfield

The Victorian Government will establish a $1 billion Social Housing Growth Fund, drawing on the NSW Government's successful Social and Affordable Housing Fund pilot, to fund the service payment costs for 2,200 social housing dwellings that will be owned and operated by Non Government Community Housing Providers. 

The initial $1 billion capital, to be provided by the Government, will be invested with the returns used to fund the service payment stream for the dwellings over a long-term concession. 

The Fund will be set-up using seed capital provided progressively by the Victorian Government over a period of five years, reaching $1 billion in the 2019-20 financial year.

The Victorian Social Housing Growth Fund will also be used to fund subsidised rental for people who need housing assistance but may not require long-term housing.

The Victorian Social Housing Growth Fund is an important trial of alternative delivery models for social housing in Victoria. 


Presented by


Government sponsors

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Supporting agencies

 
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