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‘Cooked’: few affordable homes go to those who need them
LESS than one in five affordable housing rentals goes to a low-income household that can afford it, a report by the Committee for Economic Development of Australia has found. Despite the name, many affordable homes are out of reach for low-income households because rents are often set as a proportion of market rate rather than based on a household’s income. The system is failing the households that need it most, the think tank wrote in a report on Thursday. In addition to setting rents above what many low-income earners can afford, broad eligibility criteria mean medium-income
