In 2019, one of the original social lab teams incubated by the Constellation Project was convened – The Federal State Co Funding team. The team worked together on a core concept of enhancing federal and state government funding supply to develop more affordable and social housing. The team was composed of a diverse range of professionals, who worked together to develop tested strategic models in partnership with Community Housing Providers, the Private Sector, Government Bodies and our other Lab Team Partners.
During the discovery phase, the team identified Tasmania as a jurisdiction at a state level where a potential model could be implemented. This led to collaboration between the Fed State Co Funding team and Housing Tasmania to develop a flexible and adaptable Economic Feasibility Tool (EFT) to address social housing supply and development in the Tasmanian Context.
The team’s prototypes and concepts were tested via economic and financial models developed by skilled technical professionals who were guided by subject matter experts from the Community Housing sector. At the end of 2019, this tool was handed over to Housing Tasmania.
The tool has the potential for use by other states and territories in the future.
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