A Fresh Start for Queensland: Residential Activation Fund unlocks new homes
- Applications open tomorrow for Crisafulli Government's landmark Residential Activation Fund to unlock housing around the State.
- Round one prioritises "ready now" developments, fast tracking critical housing infrastructure to get new homes built sooner.
- The $2 billion fund supports one million new homes by 2044, with 50 per cent of funding to be invested outside of South East Queensland.
The Crisafulli Government is kick-starting $500 million worth of infrastructure for housing across Queensland, with applications now open for the $2 billion Residential Activation Fund to ease Labor's Housing Crisis.
The first round of applications for the flagship fund open Monday for projects that deliver critical housing infrastructure for new housing developments to get out of the ground faster.
The Residential Activation Fund is a key pillar of the Crisafulli Government's Securing Our Housing Foundations Plan, breaking down the barriers to building, to deliver more new homes sooner.
Local governments and landowners with development applications can apply for funding to build infrastructure for infill or greenfield sites, such as water supply, sewerage, stormwater, power and roads.
Round one prioritises shovel-ready projects, focusing on residential developments where housing infrastructure can be fast-tracked to get more Queenslanders into new homes sooner.
Projects will be assessed on local need for housing, as well as demand, scale and benefit to the community, and construction must start in the coming year.
Premier David Crisafulli said the Residential Activation Fund would unlock more housing for Queenslanders sooner.
"We're delivering a place to call home for more Queenslanders sooner by kick-starting new housing developments with critical infrastructure," Premier Crisafulli said.
"This unlocks land to build more homes sooner, opening the door to home ownership earlier to ease the Housing Crisis and drive down costs for Queenslanders.
"We are securing the foundations for the highest home ownership rates in the nation over the next decade and removing delays that have locked Queenslanders out of a home.
"$1 billion of the Residential Activation Fund is guaranteed for regional Queensland, unlocking the homes needed for every corner of our State."
Deputy Premier and Minister for State Development, Infrastructure and Planning, Jarrod Bleijie, said the Residential Activation Fund would be a gamechanger to address housing demand for Queenslanders.
"We remain steadfast in our commitment to continue to increase housing options across Queensland and halt Labor's housing crisis," Deputy Premier Bleijie said.
"We are reversing Labor's failure to plan, cutting red tape, and incentivising infrastructure development as part of our comprehensive plan to deliver one million homes by 2044.
"We want to see houses coming out of the ground as quickly as possible, and I urge councils, developers and landowners to submit their applications for the Residential Activation Fund."
