Housing Investment Fund
At the Housing Summit in October 2022, the Housing Investment Fund (HIF) was boosted to $2 billion to support a revised target of 5,600 social and affordable home commencements by 30 June 2027.
The HIF provides subsidies, one-off capital grants and other support to encourage developers, builders, Registered Community Housing Providers (RCHPs), tenancy managers, institutional investors and superannuation funds to partner to develop, finance and operate additional social and affordable housing supply in Queensland.
Annual funding of $130 million is available to support the delivery of new social and affordable housing. All housing projects supported under the HIF must be owned, held and managed in the long-term as social or affordable rental properties.
Greater support is now available through the HIF for affordable housing solutions, enabling a greater segment of the market to participate in bringing forward new housing and supporting the state’s commitments under the National Housing Accord.
The HIF is a key enabler of the Housing and Homelessness Action Plan 2021–25, including the Queensland Housing Investment Growth Initiative, the largest concentrated investment in social and affordable housing in Queensland’s history.
The HIF is not currently accepting new expressions of interest, however future rounds are anticipated. Eligible proponents in previous rounds were invited to submit expressions of interest seeking financial support to deliver and manage social and/or affordable housing projects that meet housing need.
Private Site Invitation
Expressions of interest for the HIF Private Site Invitation closed on 8 May 2023.
Indicative evaluation timeframes are:
- June 2023: Proponents which were shortlisted to progress to the Request for Detailed Proposal phase were notified.
- From quarter 3, 2023: The HIF team is working with shortlisted proponents to develop detailed proposals.
- From quarter 4, 2023: Preferred proponents will be notified, and negotiations and contracting arrangements will be progressed.
Register your interest
To be notified should new rounds of HIF be released, email firstname.lastname@example.org.