- New Builders' Support Facility round opened to help more Western Australians move into their homes sooner
- Program provides cashflow support for builders to complete delayed housing projects
- Additional $5 million in support available on top of the initial $10 million allocation
- Support provided for 150 homes to date, with 65 now complete
- Cook Labor Government focused on building more houses across WA
The Cook Labor Government has today opened a new round of the Builders' Support Facility, helping local builders to complete construction on delayed housing projects and get more Western Australians into their homes sooner.
The successful program provides no-interest loans to builders to help complete homes under construction for more than two years.
The first two rounds of the program have delivered $8.4 million across 47 loans to support the completion of 150 homes - with 65 homes now complete as a result of the initiative.
An additional $5 million has been made available under Round 3 of the program, on top of the initial $10 million allocation, to help more builders complete works across the State.
Up to $1 million in total assistance is now available to builders across all three rounds, with up to $60,000 available per home.
Builders are required to complete eligible properties within 12 months to access the full loan amount.
Loans from Round 3 will be available on a 'first come, first served' basis, with applications to close at 5pm on Monday, 16 December 2024.
For more information and to apply see: Builders' Support Facility | Small Business Development Corporation .
As stated by Premier Roger Cook:
"My WA Labor Government is throwing everything at getting more Western Australians into a home.
"The Builders' Support Facility has helped local builders to complete 65 homes that had been stuck in limbo for more than two years - with works progressing on another 85 homes.
"This new round will help more Western Australians get into their homes sooner, and help our building industry to stabilise after the global challenges of the post-pandemic era."
As stated by Treasurer Rita Saffioti:
"We are doing everything we can to support as many Western Australians as possible into their homes.
"This Australian-first initiative has so far supported 65 Western Australian families into their newly-built homes, and we look forward to further boosting that number through the third round of this program."
As stated by Commerce Minister Sue Ellery:
"The Cook Government wants to see more homes finished and thanks to the success of previous rounds of the Builders' Support Facility, we are seeing families move into their homes sooner and supporting the building industry at the same time.
"Whether it's rent relief or incentivising short-term accommodation to go onto the long-term rental market, our Government has introduced a range of measures to ensure Western Australians have a place to call home."
As stated by Housing Minister John Carey:
"The Cook Labor Government is investing a record $3.2 billion in housing and homelessness measures and we're doing everything we can to bolster housing supply across Western Australia.
"We're not stopping and we continue to deliver major reforms to boost housing supply throughout WA, including key initiatives like the Builders' Support Facility to further support local home builders to get more Western Australians into new homes."
