In the grim silence of Canberra’s moribund democracy the Greens’ Lin Hatfield Dodds has been alone in giving any sign of bothering with the campaign at all.
Today she’s talking about a Green policy she hopes will help with Canberra’s staggeringly unaffordable housing market:
“The Convert to Rent initiative provides financial assistance to property owners to convert vacant or unused space into rental units for low income households.
“The scheme is based on the successful model in the City of London in Canada, and can be adopted in a number of Australian cities, including Canberra.
Convert to Rent will:
– Encourage landlords to provide dwellings to people on low-moderate incomes, and set appropriate levels of rent
– Provide incentives to property owners to convert their unused buildings/empty spaces above shops etc to affordable rental properties ($21,000 per dwelling maximum loan)
– Provide additional funding of $5000 for buildings and spaces to be modified for people with a disability
– Cost: $115 million would fund 5000 conversions including a minimum 15% funding to be available for modifications suitable for people with a disability.