The recent landmark decisions by Brisbane City Council (BCC) and City of Moreton Bay Council (CMBC) to wave infrastructure charges for community housing providers are a game changer. It will directly help us, and other social and affordable housing developers, to bring forward the supply of more vital projects.
Incentivising investment in new social and affordable housing supply is crucial to address the unmet housing need across our communities. It is incredibly challenging to make new developments feasible, and every lever – across every level of government – must be triggered to untangle the web and ultimately deliver more new homes, faster.
Waving infrastructure charges for community housing isn’t a silver bullet- but it does remove a large barrier to project viability. In real terms, BCC’s Housing Supply Action Plan will save BHC $2 million in fees across our next three projects alone. These substantial savings will be reinvested towards building more new homes across the city – where more than 8,000 people are currently in need of social housing.