The ACT Government has awarded Community Housing Canberra (CHC) $230,000 to establish a scheme aimed at tackling the territory’s rental housing affordability crisis.
CHC plans to develop a program, modelled on the one used by HomeGround Real Estate, that encourages landlords to rent their properties to low-income households at sub market rent.
CHC chief executive Andrew Hannan says the program will start early next year, and he urged the ACT Government to assist further by adopting a proposal by the ACT Greens that would provide landlords with incentives to participate.
The incentive would provide a land tax exemption to landlords who rented their properties via a registered community housing provider at a rent discounted by up to 25 per cent of market value.
The ACT Government is expected to release its affordable housing strategy before the end of the year.
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