What are the government incentives available for developing affordable housing projects in inner-city Melbourne?

Developing affordable housing in inner-city Melbourne leverages several Victorian Government incentives. The Victorian Planning Provisions include provisions for affordable housing contributions in planning schemes, potentially offering density bonuses or reduced infrastructure levies for eligible projects. Developers can also access the Victorian Affordable Housing Rental Scheme, which provides financial assistance and support for delivering affordable rental dwellings. Furthermore, Housing Australia, previously the National Housing Finance and Investment Corporation, offers low-cost, long-term loans through its National Housing Infrastructure Facility and Affordable Housing Bond Aggregator, significantly improving project viability by reducing financing costs. Grants may also be available for innovative housing solutions, prioritising projects that align with state housing strategy objectives.