“To support tenants, the Morrison Government has strengthened the welfare safety net so Australians can continue to meet their essential bills, including rent, during the COVID-19 pandemic.
This includes the coronavirus supplement being paid to JobSeeker recipients, as well as the JobKeeper payment. In addition, recipients of these payments have also been able to access Rent Assistance to ensure they can continue to meet their obligations.
In 2020-21, the Federal Government will provide more than $8.2 billion in housing and homelessness programs, which includes $5.5 billion in Commonwealth Rent Assistance that assists around 1.7 million people to pay their rent in private and community housing.
Commonwealth Rent Assistance significantly reduces the number of people facing rental stress, and the Morrison Government remains committed to this ongoing annual support.
Although the delivery and construction of social housing is a responsibility of state and territory governments, the Morrison Government continues to make significant, ongoing investments into social housing.
To increase the supply of affordable housing the National Housing Finance and Investment Corporation (NHFIC) has approved almost $1.6 billion of loans to community housing providers through their Affordable Housing Bond Aggregator over the past two years. This is supporting the delivery of more than 2,200 new and 6,300 existing homes built and maintained by community housing providers.
The Budget also delivered an additional $1 billion of low cost concessional loans that will enable community housing providers to deliver even more affordable homes for Australians, which NFHIC estimates could support 2,500 affordable homes.”