Affordable housing incentive scheme fails

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Affordable housing incentive scheme fails
 © FinancialMirror 2020
Government efforts to counter rising rents and homelessness by giving incentives to building developers to put cheaper flats on the market has fallen short.

Part of the state’s new housing policy is a scheme for affordable housing which sees the government offering incentives to developers in return for cost-price homes for low-income groups.

However, no developer has come forward offering to participate in the programme.

Developers had until the end of 2019 to submit their interest for the scheme.

Acting director of the Land Development...


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Affordable housing incentive scheme fails


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