Larissa Waters Instagram – A ‘build to rent’ plan that gives developers access to tax concessions from the government if they build private rental apartments – where 90% can be completely unaffordable – will not fix the housing crisis. And neither will the 10% with a laughable definition of affordability.
In return for the Greens support for Build to Rent we want to see changes to ensure that 100% of the apartments are actually affordable, by mandating that any developer who wants access to the tax handout must:
🏠Impose a rent cap of 2% every 2 years
🏠Define “affordable” as 25% of household income or 70% of market rate, whichever is lower
🏠Increase the minimum lease period to 5 years | Posted on 28/Jun/2024 02:30:23
