The Queensland Government’s $1 billion Housing Investment Fund (HIF) is a new model of social housing investment partnerships for Queensland.
The HIF will provide stable, long-term investment returns to fund co-investments for housing solutions. Under the HIF, subsidies and one-off capital grants will be offered to encourage developers, institutional investors and eligible government entities to partner with Community Housing Providers to build or redevelop and operate housing solutions in Queensland. Other forms of support may be considered for high-value proposals.
Investment returns are expected to be up to $40 million a year, accelerating the delivery of 3,600 new social homes and additional affordable housing across Queensland by 30 June 2025. Housing solutions may include a mix of social housing, affordable housing, homelessness accommodation, including mixed-use developments and other allied services.
Expressions of interest (EOI) are open for the HIF. Responses to the EOI process will continue to be accepted until the funds available in the HIF are fully committed.
A dedicated QHIGI Concierge Team has been established to provide proponents with advice on key elements of the QHIGI implementation and guide proponents to appropriate QHIGI funding initiatives, including for the HIF. All proponents must commence the QHIGI process by first completing the online pre-lodgement form.
Separately from the current EOI process, the government may release specified state sites for development under the QHIGI. Parties who have registered their interest in developing a housing solution under the HIF will be notified as each of the specified state sites is released. The release of specified state sites for development will be subject to set opening and closing times, to allow for the evaluation and comparison of proposals received for each site.
The HIF builds on the Queensland Government’s success in levering private sector co-investment to deliver more affordable housing for Queenslanders through the Build-to-Rent pilot program.
Land locked in to deliver more social and affordable housing in SEQ
Wednesday 04 May
There will be 118 new social and affordable homes built on Brisbane’s northside under the Palaszczuk Government’s $1 billion Housing Investment Fund.
Treasurer and Minister for Trade and Investment Cameron Dick said the projects at Sutton Street, Redcliffe and Ethel Street, Chermside were part of the largest investment in social and affordable housing in Queensland’s history. Read more