Australia has a well documented shortage of social and affordable rental housing for low and moderate income households.
The Housing Boost Aggregator (HBA) is a proposal to overcome the funding gap by separating what Community Housing Organisations (CHOs), can safely borrow from the costs they cannot.
It fills the gap through an annual tax-based subsidy — an annual refundable tax offset, the Boost, from the Commonwealth government.
The HBA similarily uses the tax system to encourage institutional investment in affordable rental housing for:
- key workers
- low-income earners in rental stress
- homeless households
- women escaping domestic and family violence
Read the web report here.