The Albanese Government’s Social Housing Accelerator will build up to 100 homes for Territorians who need them.
As part of the $2 billion Social Housing Accelerator, the Northern Territory Government has received $50 million from the Commonwealth to deliver these additional homes in partnership with the Community Housing sector.
All the Commonwealth funding for these homes must be committed by the Northern Territory by 30 June 2025.
The Government is today releasing final implementation plans for the $2 billion Social Housing Accelerator that shows how many homes state and territory governments will deliver with funding from the Commonwealth.
This is another example of the Albanese Government working with the Northern Territory Government to build more homes.
This includes a minimum of 1,200 homes for the Northern Territory through Housing Australia and in partnership with the Community Housing sector.
Today’s announcement builds on the Government’s new $10 billion Housing Australia Future Fund and agreement by National Cabinet to deliver the most significant housing reforms in a generation.
This agreement includes a new national target to build 1.2 million new well‑located homes, the National Planning Reform Blueprint, and A Better Deal for Renters.
At National Cabinet, the Albanese Government also committed a further $3 billion to the New Homes Bonus to incentivise states and territories to undertake the reforms necessary to reach the 1.2 million well‑located homes target.
A new Housing Support Program will also provide another $500 million to help local and state and territory governments deliver new housing supply in well‑located areas.
Quotes attributable to Federal Housing Minister Julie Collins:
“We recognise Australia is facing housing challenges, which is why we’re taking immediate action with our $2 billion Social Housing Accelerator - including $50 million for the NT.
“This new funding, and the homes we are announcing today, will mean more Territorians have a safe and affordable place to call home.
“The Social Housing Accelerator is just one part of our ambitious housing reform agenda.
“This agenda is already making a real difference - here in the Northern Territory and right across the country.”
Quotes attributable to Northern Territory Minister for Urban Housing Ngaree Ah Kit:
“Safe, secure and affordable housing for all Territorians is one of our Government’s highest priorities.
“This much needed Social Housing Accelerator funding will see 100 new homes being built in partnership with the Albanese Government in urban centres across the Northern Territory. This will result in more Territorians having access to affordable homes.
“The accelerated funding will also create a boost to the Northern Territory economy and deliver job opportunities for Territorians in Darwin, Alice Springs, Katherine and Tennant Creek.”