Draft Economic Development (Affordable Housing) Amendment Regulation 2024

Economic Development Queensland (EDQ) is seeking feedback on the proposed criteria for the Economic Development (Affordable Housing) Amendment Regulation 2024 to support the implementation of the Economic Development and Other Legislation Amendment Bill 2024 (the Bill).

The purpose of this amendment regulation is to incorporate the criteria for affordable housing as it will apply to the Economic Development Act 2012 (ED Act). Affordable housing is defined in the Bill as ‘housing that is affordable to particular types of households under criteria prescribed by regulation for the particular type of household’.

The Bill introduces amendments targeted at affordable housing, including:

  • amendments to the main purpose of the Act to include the provision of diverse housing, including affordable housing
  • giving the Minister for Economic Development Queensland (MEDQ) the flexibility to fund, facilitate, supply, deliver and own affordable housing including entering into agreements with third parties like Community Housing Providers to achieve this outcome
  • the ability for the MEDQ to include requirements for affordable housing or a monetary contribution in lieu of affordable housing with a PDA development scheme
  • the ability for MEDQ to impose conditions on PDA development approvals that relate to the supply of affordable housing, or a monetary contribution in lieu of affordable housing
  • the ability for the MEDQ to enter into a Housing Agreement which is an alternative pathway for a developer to meet their affordable housing requirements rather than the delivery of the required housing or via a monetary contribution.

The amendment regulation will support these provisions in the Bill and establish the parameters for what can be considered affordable housing, incorporating a broad range of market and non-market housing types that are affordable to particular household types.

Stakeholder Feedback

We value the input of our stakeholders in shaping these amendments. We encourage you to review the proposed criteria and provide your feedback.

Feedback Submission Period: 7 June 2024 to 5 July 2024

Submit your feedback via email: edq@dsdilgp.qld.gov.au


Links to Additional Information and Documents

To view the proposed criteria for the affordable housing criteria, please refer to the attached document or the link here

Your feedback is important in shaping the approach to affordable housing under the ED Act. We appreciate your participation in this initiative.

For any questions or further information, please contact us at edq@dsdilgp.qld.gov.au.