55,000 extra social housing homes are being built. But a new study shows that boom still falls short

<https://theconversation.com/55-000-extra-social-housing-homes-are-being-built-but-a-new-study-shows-that-boom-still-falls-short-275925>

"Thanks to an unprecedented lift in public funding in the 2020s, an extra
55,000 new, good quality homes around Australia will be available to people on
the lowest incomes by 2030. That’s almost triple the increase of 20,000 homes
in the previous decade.

Residents in these modern “social” homes will generally pay only 25% of their
income in rent. Social housing refers to government-subsidised homes, with
below market rents.

You’d think federal and state politicians would be shouting about an extra
55,000 social homes by 2030 from those new rooftops.

But, surprisingly, there are no official projections on how many more total
dwellings we’ll have in coming years, thanks to recently boosted investment.

For the first time, our new research fills this gap. It shows that even with
the recent investment boom, we’re still not building enough to cut the backlog
of need – leaving hundreds of thousands of Australians without an adequate,
affordable home."

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics