What is the guaranteed minimum investment for regional Victoria?
The Big Housing Build will invest 25 per cent of the total $5 billion program across regional Victoria. This will provide $1.25 billion across regional Victoria.
Building social and affordable housing in regional Victoria responds to the increasing population in Victoria’s growth areas and creates more rental housing to support employment growth in regional towns and cities.
The Big Housing Build provides a Minimum Investment Commitment to regional local government areas that have a significant regional town or city or have high population growth. 18 local government areas have been identified for the Minimum Investment Guarantee, with $765 million committed across these local government areas.
We'll work to identify projects in regional Victoria for the allocation of the $485 million not yet committed to local government areas through the Minimum Investment Guarantee.
Local governments that identify opportunities, such as on underutilised council land, are encouraged to work with community housing providers to develop partnership proposals. Community housing providers are key delivery partners in this package and can work with local governments to develop projects and seek funding for these through Big Housing Build funding streams.
How will the investment be shared across regional Victoria?
|Local government area||Guaranteed minimum investment|
Reviewed 16 November 2020