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ACT seeks federal forgiveness of $66M public housing debt to expand housing amid 3,500 on waitlist.
The Australian Capital Territory is urging the federal government to forgive its $66 million public housing debt from 1989, which costs $3.3 million in annual interest and limits new housing investments.
With over 3,500 households on the waiting list and minimal new public homes built despite population growth, ACT leaders and senators argue debt cancellation is needed to boost supply.
The federal government points to existing funding, including $265 million for 400 new homes, as sufficient and opposes debt waivers, while opposition and Greens debate the broader implications of fiscal responsibility and housing policy.
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ACT busca el perdón federal de $66 millones de deuda de vivienda pública para expandir la vivienda en medio de 3,500 en lista de espera.