New funds for Regional Housing

The Victorian Government has announced a $1 billion package for housing in regional Victoria to replace the legacy benefits that would have been received by hosting the Commonwealth Games.

The Regional Housing Fund is planned to deliver more than 1300 new homes across regional Victoria. The new homes will include a mix of social and affordable housing.

Included is $150 million for a Regional Worker Accommodation Fund to provide new housing options for regional communities where key workers are struggling to find affordable places to live.

The Government will consult with regional employers, workers, housing providers and councils on the program design. Some organisations will be asked to provide matched funding contributions for their projects while for others, the grant may fund their entire project.

Guidelines will be developed detailing eligibility and other requirements.