VICTORIAN Planning Minister Richard Wynne last week 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.
Mr Wynne said 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.
"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," the Minister said.
Mr Wynne described the reforms, which have been made possible through the Planning and Building Legislation Amendment (Housing Affordability and Other Matters) Act 2017, as another practical way that the State Government is supporting homeownership.
"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," he said.