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Green plans for housing affordability

By johnboy 16 August 2010 25

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.

(We’re also still waiting for any of the majors to bother answering your questions)

What’s Your opinion?


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25 Responses to
Green plans for housing affordability
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beejay76 4:11 pm 28 Jan 11

Woody Mann-Caruso said :

“I know! Let’s f*ck around with complex market forces we can’t predict! We can create perverse incentives we can’t even begin to imagine by ham-fistedly throwing tax dollars at irrational economic actors! What’s the worst that could happen?”

+1

Also, to help those on low incomes let’s have a wee think about government/ community housing. ACT govt has good programs for people on moderate incomes to get into their own house, but this doesn’t help those at the bottom. Public housing + buying schemes = easing of rental market. Providing money to the richest people in the hope that they will provide for the poorest doesn’t sound like a winner to me.

Ceboazouz 3:43 pm 28 Jan 11

Severely unaffordable markets in Canberra OECD Call to “Ease Supply Restraints:” stop the dribble and act Stanhope and Greens Coalition

Thumper 12:44 pm 17 Aug 10

Two words…

East Timor.

Nothing more needs to be said.

Gungahlin Al 12:42 pm 17 Aug 10

troll-sniffer said :

It’s a good idea when you have a flat property market or lots of unused commercial buildings etc but it wouldn’t really be suitable for the current Canberra situation, as we don’t have many buildings sitting idle.

TS: it is well known that as numerous brand new 5/6 star “A grade” buildings are built for departments to move/consolidate into, the ones they vacate face lengthy vacancies and/or costly retrofits to lift their standard to a level making them attractive to Fed tenants.

Converting some to residential makes perfect sense.

Gungahlin Al 12:37 pm 17 Aug 10

sepi said :

anzac park west?

You mean East?

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