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Tabarak Al Jrood and Keane Bourke
The West Australian government has announced it will allocate an extra $875 million towards social housing, as it prepares to hand down the state budget on Thursday.
– The majority of the funds will be spent on a new investment fund
– In total, $2.1 billion will be spent on social housing over four years
– About 3,300 new homes will be created, with others repaired
The funding comprises a $750 million social housing investment fund — most of which will be spent on new social houses in the following 2022-23 financial year, with the remaining $228 million to be spent on short-term projects.
In total, more than $2.1 billion will be spent on social housing over four years, to build about 3,300 new properties.