$50 million finance facility for affordable housing
Source: ACT. Chief Minister and Treasurer. Media Release
"A thousand more affordable homes for rent and sale will be built, thanks to a historic agreement entered into by the ACT Government and Community Housing Canberra.
Contracts exchanged on 5 February 2008 provide a $50 million finance facility for CHC to invest in affordable housing – the first time a government in Australia has worked with a community organisation on such an innovative scheme, Chief Minister Jon Stanhope said.
The exchange of contracts with Community Housing Canberra puts in place another important plank of the ACT Government’s Affordable Housing Action Plan. The finance facility provided by the Government will assist CHC develop 1,000 affordable dwellings for rent and sale over the next ten years."