A Labor government would fast track development of affordable social housing, while stimulating job creation in the building and construction sector.
Labor Leader Rebecca White said Labor's Housing Works policy would invest $19.6 million in the first three years to deliver 490 new homes and 550 new jobs.
Another $78.4 million will support community housing providers to make new homes available at reduced rent over a ten year period.
"Housing Works will deliver jobs while rapidly increasing the number of affordable homes in Tasmania.
"Importantly, construction of new homes will create 75 new apprenticeships, with the training funded through Labor's Free TAFE policy.
"When it comes to jobs, too many Tasmanians are struggling to get a foot in the door. We need to do everything we can to keep young people here, rather than see them leave to look for work elsewhere."
Shadow Minister for Housing Alison Standen said the policy would deliver a rapid easing of the state's housing crisis.
"Homelessness, rental stress and the housing waitlist are all getting worse in Tasmania. Only Labor has a plan to get Tasmanians off waiting lists and into homes.
"The Housing Works policy involves a partnership with community housing providers that will reduce pressure on the private rental market and the public housing waitlist.
"Housing Works will build 490 homes for people on the housing waitlist and low income earners
"In total, Labor will put 1100 Tasmanians into new homes in its first three years of government."
Housing Works has been developed in consultation with community housing providers across the state, and peak bodies from the community and industry sectors.
Rebecca White MP
Tasmanian Labor Leader
Alison Standen MP
Shadow Housing Minister