The Framework brings together government initiatives and investment opportunities designed to make it easier to build more housing for Victorians. It simplifies approval processes for institutional investors, developers, and key industry players.
The Framework’s goal is to foster the conditions needed to stimulate investment into more social, affordable, key worker and market housing at scale, and help industry build more high-quality homes faster in places where Victorians want to live.
Objectives
The Institutional Investment Framework is built on four objectives:
- To increase the supply and delivery of mixed-tenure housing projects across Victoria.
- To encourage state and local government land and land held by private, charitable and religious institutions to be developed.
- To strengthen government coordination.
- To ensure transparency, competitiveness and build confidence in housing as a viable and sustainable investment asset in Victoria.
Framework pillars
To meet the objectives, the Framework consists of four key pillars.
The Government invites institutional investors, developers, local government, landholders, financiers and the community housing sector to work with the Government on innovative and sustainable housing solutions for the future.
Further information on the opportunities and supports included in the Framework can be found below.
For further information on the Housing Statement, visit Victoria’s Housing Statement page on the Victorian Government website.
Frequently asked questions
Who will benefit from the Institutional Investment Framework?
The Framework is designed to assist institutional investors to progress housing investments at scale. There isn’t a minimum project scale for investors to access support.
Large-scale developers, landholders (local government, charitable and private), financiers and the community housing sector that wish to connect and form consortiums for investment at scale may also seek support.
Where are the surplus government land sites and when and how will they be made available?
The Government has identified a pipeline of government sites that can be unlocked for medium to high-density housing projects. The first tranche of these sites is currently being prepared to be brought to market for expressions of interest. Different models of access will be offered across the 45 sites, whether through ground lease, joint venture partnerships or sale of land.
Will there be a requirement of social and affordable housing for every development supported by the Framework?
Access to certain supports will depend on levels of social and affordable housing. For the 45 sites, the Government is seeking at least 10 per cent of homes built to be affordable. The Development Facilitation Program - fast-tracked planning for institutional investment - requires project scale of at least $50 million in metropolitan Melbourne or $15 million in regional Victoria and minimum 10 per cent affordable housing.
Further information
Further information is available for institutional investors and other providers of capital at:
Email: institutionalhousinginvestor@invest.vic.gov.au
Website: More homes for Victorians
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