Affordable housing advocates are calling on the ACT Government to ensure yesterday's long awaited housing summit is not remembered as a "talk-fest".
The summit and funding announcements were a key requirement of Labor's Parliamentary Agreement with The Greens in order to form government last year.
About 200 community members came together to discuss a new housing strategy at the summit.
Minister for Housing Yvette Berry announced a $1 million housing innovation fund, an annual affordable community housing supply target and a new affordable home purchase database.
The fund will initially pilot three programs - HomeGround affordable rental, Homeshare and the Nightingale housing model - as well as other initiatives discussed during the summit.
As part of the announcement the government is seeking expressions of interest from organisations to lead these pilots.
ACT Shelter director Travis Gilbert, who also sits on the affordable housing advisory committee, said the challenge now was to create action out of what could otherwise be perceived as a "talk-fest".
He said the government needed to give a clearer sense of resources and timeframes for initiatives, and develop a clear charter out of the day.
"There was some great energy and discussion today ... now we just actually have to do it," he said.
"The Government needs to enable itself to be brave and take some risks, if it does that we can achieve something great."
Master Builders ACT CEO Michael Hopkins said while the summit was a valuable forum to discuss ideas and solutions to the city's worsening housing affordability problem, more needed to be done to address escalating land affordability problems.
"Access to affordably priced land, combined with the ACT's inflexible planning system, is making it near-impossible for the city's developers and builders to deliver the types of housing needed to meet the needs of the ACT's changing demographic," he said.
"Master Builders ACT is committed to working with the ACT government to ensure that the building and construction industry was part of the affordability solution.
Ms Berry said the government would be listening to the ideas that came out of the summit.
"This is a complex issue and no one thing that comes out of these discussions will solve everything," she said.
"It's not just land supply, it's not just innovative housing, it's not just increases in social housing or community housing.
"It's a combination of these things, along with the tax levers that the ACT Government has control of and has made changes to."
She also called for the federal government to "be bold" and change its tax levers.