The Queensland Government says its $2 billion Residential Activation Fund has received overwhelming interest since opening, demonstrating demand from Councils and landowners to kick-start housing and ease the housing crisis.
Less than a month since opening, more than 100 funding applications have already commenced for round one of the $500 million fund, the Government confirmed in a statement.
It’s envisaged the initiative will boost the construction of essential housing infrastructure such as water supply, lighting, sewerage, stormwater and roads, where more new homes are needed to unlock land and cater for a growing population.
Applicants with projects that are ready now, and those that demonstrate the location has urgent housing needs, will be very well regarded and they can apply for funding to build infrastructure for infill or greenfield sites, said Deputy Premier and Minister for State Development, Infrastructure, and Planning, Jarrod Bleijie.
“The response to our Residential Activation Fund at this early stage is an impressive indication that there is strong demand to get in and deliver more homes sooner,” Deputy Premier Bleijie said.
“My department will be assessing these applications against criteria that rate highly a project’s readiness to start.
“This fund will enable councils and landowners to identify key infrastructure that is vital to catalysing one million new homes by 2044, to overturn Labor’s dismal record on Queensland housing into the highest rates of home ownership in Australia.
“We are unashamedly focussed on unlocking, building and boosting housing supply to deliver a place to call home for more Queenslanders.”
Applications for round one of the Residential Activation Fund will close on 23 May 2025.
