Fund to Unlock 100 New Homes in NW Queensland
- North West Queensland to benefit from Crisafulli Government’s landmark Residential Activation Fund, which was doubled to $1 billion in State Budget.
- Residential Activation Fund to deliver $12.5 million towards construction of critical infrastructure projects for new housing.
- At least half of the $2 billion Residential Activation Fund dedicated to fast-tracking regional housing projects.
The Crisafulli Government is delivering fast-tracked construction of almost 100 new homes in North West Queensland, under the Crisafulli Government’s landmark $2 billion Residential Activation Fund.
Four projects will be funded under the Residential Activation Fund in North West Queensland to unlock 94 much needed new homes.
The $2 billion Residential Activation Fund has received strong demand of 178 submissions – 64 from South East Queensland and 114 from regional, rural, and remote Queensland.
Up to $1 billion is available in the Residential Activation Fund round one, doubled from the original $500 million, in response to the overwhelming support and availability of shovel-ready projects.
Round one funding focuses on the construction of critical trunk infrastructure needed such as water supply, sewerage, stormwater, and roads needed to unlock new residential developments and ease Labor’s Housing Crisis.
The $2 billion Residential Activation Fund is a key pillar of the Crisafulli Government’s Securing Our Housing Foundations Plan and is breaking down the barriers for infill and greenfield developments.
The Fund will deliver a place to call home for more Queenslanders and support one million new homes by 2044 with at least 50 per cent of the overall funding to be invested in regional, rural and remote Queensland.
Deputy Premier and Minister for State Development, Infrastructure and Planning, Jarrod Bleijie, said the Residential Activation Fund was set to unlock thousands of new homes across Queensland.
“The Crisafulli Government is delivering on our election commitment to give more Queenslanders a place to call home by funding shovel-ready projects which will unlock almost 100 new homes in North West Queensland,” Deputy Premier Bleijie said.
“Partnering with councils across North West Queensland will unlock much-needed housing sooner.
“The Residential Activation Fund is just one way the Crisafulli Government is creating jobs, unlocking housing and delivering much needed infrastructure across rural and regional Queensland.”
Burke Shire Council Acting Mayor Chris Wilson said the Residential Activation Fund would support critical infrastructure in Burketown.
“Our community is currently facing a critical shortage of accommodation for residents, government agencies, and contractors servicing the region,” Acting Mayor Wilson said.
“This project is a vital step toward addressing that shortage and supporting the town’s long-term growth.”
Carpentaria Shire Council Mayor Jack Bawden said the Fund had already generated significant interest in the sale of lots at Carpentaria Shire’s rural residential subdivision.
https://statements.qld.gov.au/statements/103289