Queensland to Build 490 Social and Affordable Homes for Seniors

The Queensland government is set to build 490 new social and affordable homes for the elderly in a bid to free up larger houses for families. This project, described as the largest of its kind in Queensland, will provide housing for residents aged above 55 who are looking to downsize. Jointly funded by the Queensland and federal governments, each apartment would feature modern, low-maintenance, and energy-efficient designs, with options for one or two bedrooms. The housing complex in Cairns’s suburb of Woree will comprise 245 social, 223 affordable, and 22 specialist disability apartments. Funding for the project will come from Queensland’s Housing Investment Fund, financing from Housing Australia, the Northern Australia Infrastructure Facility (NAIF) and ANZ bank, and a capital grant from the National Housing Infrastructure Facility....