Greens Propose 360K Affordable Homes, End to Investor Tax Breaks

March 5, 2024
Greens Propose 360K Affordable Homes, End to Investor Tax Breaks
  • The Greens propose constructing 360,000 affordable homes over a 5-year span, enhancing housing accessibility.

  • Funding for the initiative would come from eliminating $27 billion in property investor tax breaks.

  • A new federal housing department would be established to emulate successful international housing models.

  • A public property developer, under government investment, would manage the housing mix of 70% rental and 30% ownership.

  • Rent prices would be capped at 25% of the national average household income, ensuring affordability.

  • Homeownership options would allow sales only back to the government, maintaining cost control with inflation consideration.

  • This housing plan is poised to be a significant factor in the forthcoming election negotiations.

Summary based on 4 sources


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