Social housing stock to be boosted by $100 million spend to address 'dire shortage' in Adelaide

 Welfare group AnglicareSA has announced a $100 million investment to replenish and expand its social housing stock, amid a further decline in affordability across the nation.

House and rental prices have reached record levels in Adelaide and other capitals during the COVID-19 pandemic, leaving low-income earners especially vulnerable and first-home buyers facing the prospect of protracted house hunting.

AnglicareSA said the investment would take place over 10 years and go towards upgrading and expanding the existing stock of 2,100 social and affordable homes, to address what it described as a "dire shortage".

Read More: https://www.abc.net.au/news/2022-03-08/anglicare-invests-in-social-housing-amid-affordability-crisis/100890826



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