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Treasurer commits to further housing initiatives

Victorian Treasurer Tim Pallas has committed to announcing more initiatives to increase social housing stock this year, that will be in addition to the $209 million set aside for more public housing in this week’s budget.

Speaking at the VCOSS post-budget breakfast briefing, Mr Pallas admitted the government had ‘dropped the ball’ on social housing in the 1970s but that he is ‘personally passionate’ about improving the situation.

‘The fact that we have put a little over $200 million into providing more social and public housing in this budget is really a start, but there’s a lot more to do,’ Mr Pallas says.
The government is continuing to work on the Homes for Victorians initiatives, announced 18 months ago, and intends to do more, he says.

‘Our intention would be to augment that again in the near future…There will be more this year.

‘We have been working on it for quite some time. We have been looking at the offerings we have had from number of representatives in the community sector who are working closely with financiers and the State Government.

Mr Pallas says the government has been evaluating various models to improve the value and number of public and community housing properties against the government’s values and expectations.

‘My department is working to essentially reduce the range of offerings that we are interested in so we can get the community to focus in on those areas that the government is prepared to partner with to deliver more stock into the future.’