Affordable housing schemes for essential workers generate $45,500 in broader economic benefits per tenant annually as well as stable returns for investors in the accommodation, new research shows., consultancy EY found they resulted in shorter commute times, more spending on leisure activities and increased productivity that in turn could represent a $64 billion boon for the economy.
“We’d urge councils to engage in good faith negotiations on questions of density, particularly where a property is attracting really great tenants into a community. At a federal level, “allowing investors in affordable housing to access the same GST treatment as community housing providers would materially reduce the cost of development”, Mr Stewart said.in affordable and social housing currently in place through tax and planning reform and regulatory certainty.