Low income earners struggling with rent could soon get a helping hand from the Commonwealth as it works towards a government bank to fund community housing.
The Government is flagging action on affordable housing amid an ongoing political battle over the issue.
It is establishing a taskforce to design a government lender that would provide cheap loans to community housing organisations.
Treasurer Scott Morrison said a government bank to fund community housing would help counter the growing number of low income earners facing rental stress.
Mr Morrison told the ABC that the housing debate often focused on first home buyers, but low income earners struggling to pay their rent were a major issue.
“If they can’t be in sustainable, reliable accommodation, all of the other jobs get harder — the problems of joblessness, the problems of other ailments that they have to deal with, the problems of disabilities,” he said..(continues)
SOURCE: Stephanie Anderson, “Government targeting struggling renters with housing affordability taskforce”, ABC News, 10 March 2017
BroCAP is produced by the two librarians at the Brotherhood of St Laurence in Melbourne, Australia.
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Produced by the librarians at the Brotherhood of St Laurence in Melbourne, Australia