In Business

Northern Territory Minister for Housing David Tollner

Real Housing For Growth

Victor P Taffa

Minister for Housing, David Tollner, will next week call for Expressions of Interest from the private sector for the construction of hundreds of affordable homes across the Northern Territory.

The announcement is the first step towards delivering on the Government’s election commitment to increase affordable housing options for key Territory workers and to bridge the gap between public and private housing.

As part of Real Housing for Growth, the Government will partner with private developers to build 2,000 affordable homes over the next four years.

The Government will hold a 10-year head lease over new dwellings, which will be rented to key skilled workers at 30 % below the median rent in that particular area.

Dwellings can be built on privately owned land or sites currently owned by the Government, which will contribute $9 Million a year to the program.

“This is a fresh approach to easing the Territory’s housing crisis.” Mr. Tollner said.

“At present, estimated population growth indicates that about 1,700 homes need to be built in the Territory each year, but currently only 1,200 homes are being built.”

“Real Housing for Growth’s target of 500 affordable dwellings per year helps bridge that shortfall.”

“Key workers include teachers, nurses, health workers, hospitality staff and young families struggling to find affordable private rents and who are not eligible for public housing.”

Expressions of Interest for Real Housing for Growth will open on Wednesday, February 27th.

Industry briefings will be held in Darwin on February 28th, Alice Springs on March 4th, Tennant Creek on March 5th and Katherine on March 6th.

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