Submission to Council on Federal Financial Relations Affordable Housing Working Group – Innovative financing models
Consumer Action Law Centre (Consumer Action) is pleased to make this submission to the Affordable Housing Working Group.
Consumer Action’s legal service and financial counselling service assist many people facing housing stress and its consequences. Through our casework and research, we have identified a particular problem of vulnerable people being sold homes through high-risk vendor terms and rent-to-buy schemes. Acknowledging that the review is looking at market-based responses to improve housing affordability, it is Consumer Action’s view that these high-risk schemes are not part of the solution to unaffordable housing.