An additional 2,090 homes housing more than 4,000 young people experiencing homelessness could be built by drawing on $1 billion already set aside by the Commonwealth, according to new modelling that was presented to federal politicians in Canberra last week.

The money was allocated last year to the National Housing Infrastructure Facility (NHIF) during negotiations between the Greens and the Government over legislation to establish the Housing Australia Future Fund.

Modelling conducted by Professor Laurence Troy, of the Australian Housing and Urban Research
Institute is based on constructing two bedroom dwellings based on building costs in Melbourne’s inner
east and the NSW mid north coast. It assumes a 60/40 split between metro and regional areas with the
units occupied by tenants paying rent set to a maximum of 25% of their income plus any Commonwealth Rent Assistance they may be eligible for. The analysis highlights the investment can also include developments of congregate and core and cluster housing.

Full media release here