What is the guaranteed minimum investment for regional ...
0000The Big Housing Build Guaranteed Minimum Investment for regions364299512446000What 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.Homes Victoria will 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 AreaGuaranteed minimum investmentBallarat$80,000,000Bass Coast$25,000,000Baw Baw$35,000,000Horsham $15,000,000Golden Plains$15,000,000Greater Bendigo $85,000,000Greater Geelong$180,000,000Greater Shepparton $45,000,000Latrobe$60,000,000Macedon Ranges $30,000,000Mildura$40,000,000Mitchell$25,000,000Local Government AreaGuaranteed minimum investmentMoorabool$20,000,000Surf Coast$20,000,000Swan Hill$15,000,000Wangaratta$20,000,000Warrnambool $25,000,000Wodonga $30,000,000Total$765,000,000To receive this publication in an accessible format phone 1300 650 172, using the National Relay Service 13 36 77 if required, or email enquiries@homes..au <enquiries@homes..au>Authorised and published by the Victorian Government, 1 Treasury Place, Melbourne.? State of Victoria, Australia, Homes Victoria November 2020.Available at <; ................
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