- Another 20 projects to receive funding under Miles Government $350 million fund, fast-tracking 1,870 homes
- Incentivising Infill Development Fund (IIDF) covers cost of infrastructure charges and development application fees for well-located homes
- Part of Miles Government’s ³Ô¹ÏÍøÕ¾s for Queenslanders plan to deliver one million more homes
Another 1,870 homes will have shovels in the ground sooner with the Miles Government announcing 20 more projects to receive funding through its Incentivising Infill Development Fund (IIDF).
The fund – part of the Miles Government’s ³Ô¹ÏÍøÕ¾s for Queenslanders plan – covers the cost of essential infrastructure like water, roads and sewerage, as well as development application fees for well-located homes.
By covering known infrastructure costs, it also prevents these costs being passed on to homebuyers, promoting housing choice and improving affordability.
The 20 projects will be located across Brisbane, Logan, Moreton Bay, Ipswich and the Sunshine Coast and share in $31.6 million.
Last month, the government announced the first 60 projects to receive payment through fund, bringing 1,800 homes forward.
The fund is the result of feedback from industry and local governments on how to bring forward development proposals while ensuring that local councils remain funded for critical infrastructure to support necessary growth.
It joins a number of initiatives under the ³Ô¹ÏÍøÕ¾s for Queenslanders plan to unlock more homes in well located areas faster, including a new pathway to fast-track development applications.
As stated by Housing Minister Meaghan Scanlon:
“We created this fund because industry told us they wanted to build homes faster, they just needed that extra support to get them shovel-ready.
“In the first tranche, we were able to bring 1,800 homes forward and today we’re bringing forward another 1,870.
“The contrast couldn’t be clearer: a Miles Government supporting industry to build more homes, faster and an LNP voting against thousands of social and affordable homes and blocking 8,000 Queenslanders from buying their own home.”
