May 2018

Opportunities for the Co-op Sector from the Federal Budget

From BCCM Media Release 9 May 2018

The Business Council of Co-operatives and Mutuals (BCCM) is pleased to note the ongoing commitment to the co-operative and mutual sector by the government, demonstrated in this year’s federal budget.

Affordable housing

The Government will provide $4.8 million to the Australian Bureau of Statistics for affordable housing stock estimates, and $5.5 million to continue research into housing and homelessness policies.

“There are 177 housing co-operatives already delivering affordable housing using the common equity model with support from BCCM members Common Equity Housing Ltd and Common Equity NSW,” says BCCM CEO Melina Morrison. “The housing co-operative model is robust. It delivers affordable housing across the ownership spectrum, from full ownership to secure tenancy, with flexible options for low-income, first home owners, last home owners, and key service workers.

“Our members welcome accurate statistics on affordable housing stocks so that this much-needed housing will get to the people who need it fairly and quickly.”

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