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A New Proposal to Boost Affordable Housing

Julian Disney

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Abstract

Severe rental shortages around Australia are at record levels and already causing major hardship for tens of thousands of households. The situation will get worse unless governments stop blaming each other or claiming that 'the market' will fix everything. A national coalition of housing and community organisations has proposed a new National Affordable Rental Incentive (NARI) to boost the supply of affordable rental housing by 10-15,000 dwellings each year. After ten years, the overall increase would exceed 100,000.

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What this paper is about

Severe rental shortages around Australia are at record levels and already causing major hardship for tens of thousands of households. The situation will get worse unless governments stop blaming each other or claiming that 'the market' will fix everything. A national coalition of housing and community organisations has proposed a new National Affordable Rental Incentive (NARI) to boost the supply of affordable rental housing by 10-15,000 dwellings each year. After ten years, the overall increase would exceed 100,000.

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Available abstract

Severe rental shortages around Australia are at record levels and already causing major hardship for tens of thousands of households. The situation will get worse unless governments stop blaming each other or claiming that 'the market' will fix everything. A national coalition of housing and community organisations has proposed a new National Affordable Rental Incentive (NARI) to boost the supply of affordable rental housing by 10-15,000 dwellings each year. After ten years, the overall increase would exceed 100,000.

Key concepts: Affordable housing, Rental housing, Economic shortage, Renting, Incentive, Business, Finance, Economic growth

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