Applications are now open for the first round of the Queensland Government’s $2 billion Residential Activation Fund, which guarantees $1 billion for regional areas.
This first round will deliver $500 million to fast-track critical infrastructure, accelerate housing development, and ease the housing crisis.
The focus on areas outside the South East demonstrates a firm commitment to address housing challenges across the state by enabling appropriate growth.
The regional Residential Activation Fund is a key pillar of the Queensland Government’s Securing Our Housing Foundations Plan, breaking down the barriers to unlock more land and build more homes.
Applicants with projects that are ready now can apply for funding to build infrastructure for infill or greenfield sites, such as water supply, sewerage, stormwater, power and roads.
Councils and landowners in regional Queensland are now invited to take advantage of the Regional Activation Fund and submit applications.
Applications will be assessed on local housing needs and the community benefit.
Speaking in Wide Bay, Queensland Deputy Premier and Minister for State Development, Infrastructure and Planning, Jarrod Bleijie, said that the Residential Activation Fund was needed to unlock more housing.
“As I visit Wide Bay today, it’s clear that the Residential Activation Fund will accelerate the development that regional communities need,” Bleijie said.
“We’re honing in on projects that can rapidly deliver essential infrastructure like water, sewerage and roads that will underpin thriving regional communities to overturn a decade of the housing crisis.
“Investing in new infrastructure to deliver more homes also takes the pressure off existing communities dealing with congestion, protecting their lifestyle by planning for growth.”
Member for Burnett, Stephen Bennett, welcomed the $1 billion regional guarantee for the Residential Activation Fund, to enable more housing in all areas of the State.
“We are taking action to unlock land and build a place to call home for Queenslanders around Wide Bay,” Bennett said.
“We’re backing shovel-ready projects to accelerate home construction right across the region.”
