$1.5 million funded for community housing grant to provide cheaper rentals and social homes for disadvantaged

GRANTS: A $1.5 million funding program has been announced for community housing providers. Photo: file.
GRANTS: A $1.5 million funding program has been announced for community housing providers. Photo: file.

The Minister for Housing and assistant treasurer Michael Sukkar has announced $1.5 million in aim of producing affordable social and rental homes for South Australia.

The grants were funded during the 2017-18 federal budget through the National Housing Finance and Investment Corporation (NHFIC).

Community housing providers (CHPs) will be given up to $20,000 in funding, giving the opportunity for professional advisory services allowing property development, risk development, and preparing necessary finances to support NHFIC loan application.

"These grants will be particularly useful in assisting CHPs to get the specialist advice necessary to expedite their proposals," Mr Sukkar said.

"This will mean CHPs are able to get their projects up and running in a timely manner, ultimately benefiting tenants and those who require access to community housing."

The federal government is working in association with the states and territories providing a variety of affordable housing options for those who require it.

Applications for the capacity building program grants will open July 1.

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