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The Queensland Government has opened the second round of its Residential Activation Fund, making $500 million available to councils and landowners to help deliver infrastructure needed for new housing developments across the state.
The funding forms part of the government’s $2 billion Residential Activation Fund, which aims to support the construction of new homes by ensuring essential infrastructure such as roads, water, sewerage and power are in place to enable residential development.
To date, the program has helped unlock land for approximately 98,000 homes across Queensland through a combination of construction and planning projects.
Deputy Premier and Minister for State Development, Infrastructure and Planning Jarrod Bleijie said the funding would help accelerate housing supply by supporting the infrastructure required for new developments.
“More homes across the State are needed and fast, and a key way we can play our part is to unlock land and break down barriers that have been holding back councils and the industry,” Deputy Premier Bleijie said.
“The Residential Activation Fund is literally making inroads, by providing funding to get the foundations right and generational infrastructure like roads, water, sewerage and power in place, so builders can get building and more Queenslanders have a place to call home.
“Queensland is open for business and we call on councils and landowners to come to us with their projects.”
Local Government Association of Queensland CEO Alison Smith encouraged councils to apply for the funding to help accelerate housing supply in their communities.
"Councils are playing their part to increase housing supply through zonings and approvals, but infrastructure is often the missing ingredient," Ms Smith said.
"Councils had called for enabling infrastructure funding, and the creation of this Residential Activation Fund is helping to meet council needs. Round One has already proven to be a gamechanger that is helping councils to tackle this infrastructure 'gap' and we applaud the State Government for this initiative.”
The second round of funding is open to councils and landowners seeking support for infrastructure that will enable residential developments and support growing communities across Queensland.
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