Vic govt's $2 billion-plus boost for homes

Christine McGinn

Vulnerable Victorians will be able to move into affordable new homes as the state government commits to spend more than $2 billion to support social housing.

Up to 2200 housing places in new homes are to be created over the next five years, under two programs from the state government's social housing growth kitty.

Bids opened on Monday for the Build-and-Operate Program and the New Rental Developments Program.

Eligible community housing organisations will also be able to access to $1.1 billion in low-interest loans and government guarantees, under the state's affordable housing plan.

"The Victorian Social Housing Growth Fund is the long-term financial commitment that will deliver real improvements to the supply of social and affordable housing in Victoria," Housing Minister Martin Foley said.

"We look forward to seeing what communities, councils, philanthropic partners and housing agencies propose to help us deliver over 2000 social units for those in our community who are most in need."

Treasurer Tim Pallas said social housing was "a key part of building stronger communities".