WA government to allocate an extra $875 million to social housing in 2021-22 state budget

Abstract

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.

Key points:
– 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.