The Andrews Labor Government is giving greater certainty to the community with new regulations to give stronger teeth to affordable housing agreements between Councils and developers.
Minister for Planning Richard Wynne today announced that new regulations have come into force that better define ‘affordable housing’ and make it easier for Councils and developers to negotiate voluntary agreements to include affordable homes in residential developments.
The previous system lacked a clear definition of affordable housing, which created uncertainty about the legal validity of such agreements reached between Councils and developers, and the consequent loss of affordable housing development opportunities – we’re now providing consistency for developers and Councils.
The reforms also provide better guidance on how voluntary affordable housing agreements can be negotiated, making it easier to deliver affordable housing in major developments, including much needed social housing.
These reforms that have been made possible through the Planning and Building Legislation Amendment (Housing Affordability and Other Matters) Act 2017 are another practical way that the Labor Government is supporting hard working families get a house they can call home through our Homes for Victorians program.
Through this program, the Labor Government is increasing the supply of social housing and supporting people get on the housing ladder with shared equity schemes, stamp duty cuts, and a boost to first home owner grants.
Quotes attributable to Minister for Planning Richard Wynne
“Whether it’s boosting land supply for housing or providing stamp duty cuts for first time buyers, we’re giving every Victorian the opportunity to find a house to call home.”
“These reforms give Councils the framework and support they need to deliver affordable homes – so hard working families across Victoria can get the safe and secure house they need.”
Reviewed 19 August 2020