The Australian Government is seeking ways to make more community housing available to those finding it increasingly difficult to rent affordable homes.
ABC News' political reporter, Stephanie Anderson, writes:
Low income earners struggling with rent could soon get a helping hand from the Commonwealth as it works towards a government bank to fund community housing.
The Government is flagging action on affordable housing amid an ongoing political battle over the issue.
It is establishing a taskforce to design a government lender that would provide cheap loans to community housing organisations...
James Massola of the Brisbane Times states that:
...By assessing and then combining a series of loan applications from community housing groups, an AHFC [Affordable Housing Finance Corporation] could raise large sums of money at lower rates and for longer terms and then distribute the money, while lowering costs for community housing groups.
That, in turn, could kick-start the building of hundreds of new community houses at the lower end of the market, particularly in Sydney and Melbourne, and would assist people struggling to find an affordable home to rent...