We’re building more homes for more Victorians through an innovative Ground Lease Model, the first of its kind for Victoria.
Public land will be leased, in Brighton, Flemington and Prahran to a not-for-profit project group who will build, manage and maintain the sites for 40 years, before handing it back to Homes Victoria.
This innovative project will deliver social, specialist disability accommodation, affordable and market rental outcomes that are welcoming and secure and which meet modern design and accessibility standards.
More than 1,100 homes, with $515 million in capital investment, will support over 4,500 new jobs.
Homes Victoria is delivering social and affordable housing to better meet the needs of Victorians and support strong and inclusive communities.
Work starts this year.
Find out more at homes.vic.gov.au/ground-lease-model
Updated