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Housing Investment Fund

Housing Investment Fund Industry Briefing

View the Private Site Invitation Technical Briefing delivered at the Housing Investment Fund Industry Briefing on Wednesday 15 March.

The Queensland Government’s expanded $2 billion Housing Investment Fund is driving investment in social and affordable housing in Queensland.

At the Queensland Housing Summit in October 2022, the Housing Investment Fund (HIF) was boosted to $2 billion to support a revised target of 5,600 social and affordable home commencements across Queensland by 30 June 2027. Annual funding of $130 million a year is now available.

Greater support is now available through the HIF for affordable housing solutions, as well as social housing, enabling a greater segment of the market to participate in bringing forward new housing and supporting the State’s commitments under the National Housing Accord.

The HIF provides subsidies, one-off capital grants and other support to encourage developers, builders, Community Housing Providers, tenancy managers, institutional investors and superannuation funds to partner to develop, finance and operate social and affordable housing across Queensland.

The HIF is a key enabler of the Housing and Homelessness Action Plan 2021–25, including the Queensland Housing Investment Growth Initiative (QHIGI), the largest concentrated investment in social and affordable housing in Queensland’s history.

Housing Investment Fund – Private Site Invitation

Proponents are invited to submit an Expression of Interest demonstrating their capability to provide social and/or affordable housing.

Application requirements and evaluation criteria can be found in the Private Site Invitation.

Proponents can lodge an EOI through the online portal.

Expressions of Interest can be submitted for this round of the HIF until 2:00pm (AEST) on 8 May 2023.

For more information please visit our Frequently asked questions.

The HIF is one of three programs under the Queensland Housing Investment Growth Initiative (QHIGI). Other programs include:

  • QuickStarts Qld – a capital investment program to accelerate construction, redevelopment and purchase expenditure to deliver new homes sooner.
  • Help to Home – partners with property owners, landlords and registered community housing providers to deliver housing outcomes to people in need.

Housing Investment Fund Industry Briefing

View the Private Site Invitation Technical Briefing delivered at the Housing Investment Fund Industry Briefing on Wednesday 15 March.

Frequently asked questions

What is a registered Community Housing Provider?
Any social housing proposed within a project must be operated by a registered Community Housing Provider. This means the community housing provider must be registered under the National Regulatory System for Community Housing (NRSCH) or the Queensland State Regulatory System for Community Housing (QSRSCH). Projects that propose affordable housing without social housing do not require a registered Community Housing Provider to operate the dwellings.

What is a stand-alone project?

The term ‘stand-alone project’ conveys that one Expression of Interest should include one project, rather than a series of projects spread across multiple development sites. Proponents can submit one or multiple projects under this market invitation but each project must be submitted as an individual Expression of Interest and each will be assessed on its individual merit.

What is meant by ‘ready-to-proceed’ or ‘ready-to-go’ projects?

Additional social and affordable housing supply is required right now. This round of the Housing Investment Fund is focussed on projects that can welcome tenants as soon as possible. Proponents are asked to demonstrate that projects proposed have a high degree of certainty to provide social and affordable dwellings in a timely manner. For new builds, this might involve demonstrating an efficient plan to secure the development site, obtain planning approvals, secure financing and construct the dwellings. For existing product, this might involve demonstrating an efficient plan to purchase the property and undertake any works required for the dwellings to welcome tenants.

What is meant by a ‘private site’ or a ‘privately-owned site’?

These references have been included to convey that this market invitation is not a pathway to acquire State-owned land.

Is the Housing Investment Fund solely focussed on apartments?

No. The Housing Investment Fund is focussed on securing additional housing supply for vulnerable Queenslanders. Eligible residential dwellings can come in many forms such as detached housing, townhouses, duplexes and apartments. Caravans, mobile homes and houseboats (as examples) would not be considered residential dwellings.

Will the Housing Investment Fund offer tax incentives for affordable housing?

The Housing Investment Fund is offering direct financial support. The Housing Investment Fund is not seeking to provide financial incentives by way of relief from tax or other fiscal obligations.

Media statements

Last updated: 29 March 2023