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- Published: Wednesday, 03 June 2020 09:25
Bridge Housing has co-sponsored significant new research that builds the case for Government investment in social housing as a key plank of Australia’s economic recovery from the COVID-19 pandemic.
The research - commissioned by the Community Housing Industry Association (CHIA) and National Shelter and undertaken by SGS - demonstrates how investing in a four-year social house building program of 30,000 homes will create on average up to 18,000 full-time equivalent jobs each year.
It also confirms that the CHIA-proposed, sector-supported Social Housing Acceleration and Renovation Program (SHARP) will raise output in Australia by at least $15.7 billion in total, over the four years of construction, and increase GDP by anywhere between $5.8 billion to $6.7 billion.
Bridge Housing CEO John Nicolades said: "Community housing organisations are ready to respond now. We are experienced developers and project managers, with a proven track record of creating jobs and more housing for low income households through previous social housing stimulus initiatives. We have access to low cost finance to leverage through the National Housing Finance and Investment Corporation (NHFIC) and can leverage federal and state governments contributions so each dollar goes further to produce more jobs and more housing."
Bridge Housing was a co-sponsor of the research with Hume Community Housing and Q Shelter in Queensland.