The Federal Government’s move to establish an additional $2 billion fund for social housing will accelerate state and territory initiatives, amid surging demand for stable and affordable homes, the Community Housing Industry Association said today.

The fund will be available to build apartments, houses or modular homes, as well as refurbishing uninhabitable accommodation.

It must be spent by state and territories in the next two years and will be distributed on a per-capita basis, with a minimum guaranteed amount for NT and ACT.

Full media release here