Community Housing Limited (CHL) has officially launched Phase 2 of its innovative housing pipeline, extending its commitment to provide safe and secure housing for Queenslanders through the delivery of 255 new social and affordable homes between now and early 2028, supported by investment from the Queensland Government's Department of Housing and Public Works, alongside debt finance from ANZ.

The announcement was marked today by an official sod turning ceremony at Waterford West, signalling the start of construction for 44 one and two-bedroom homes. The Waterford West development is the first of seven projects in Phase 2, and builds upon the solid foundation of Phase 1, which began in early 2025 to deliver 156 homes across Ipswich, Logan and Western Downs.

Phase 2 projects will include new homes in Park Ridge, Marsden, Woodridge, Waterford West, Miles, Chinchilla, and Roma. The new homes will aim to support Queenslanders on the housing register, as well as people over 55 who may be under-occupying larger homes or in properties no longer suited to their needs.

At the heart of this collaborative initiative is an innovative financial model supported by the Queensland Government that combines State capital grants and availability payments, with senior debt from ANZ and ensures debt-free ownership of properties after 20 years.

CHL's CEO Danny Dracic said: “This innovative model provides a financially sustainable approach to creating more social and affordable homes. The approach also supports close collaboration amongst CHL and our partners by working to replicate and scale the model across the state to meet growing community housing needs and create lasting solutions.”

“We are proud to be expanding our pipeline of social and affordable homes across Queensland. Every new project means more people will have the chance to live in safe, secure and affordable housing, and that is at the very heart of what we do,” said Dracic.