Built Living secures $120 million NRFC loan for cheaper, faster prefab apartments
The federal government’s $15 billion manufacturing investment corporation said the loan is a step towards addressing the housing crisis.
The National Reconstruction Fund Corporation (NRFC) has injected $120 million into modular apartment company Built Living, which promises to address Australia’s housing construction crisis through faster, cheaper builds.
The federal government’s $15 billion manufacturing investment corporation announced the loan on Monday, declaring it a step towards meeting the urgent need for housing supply.
Built Living, a partnership between Wesfarmers and construction contractor Built, offers prefabricated concrete, plumbing, and electrical components designed to make apartment building more flexible.
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