<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Adelaide's skyline could significantly change if a half-billion dollar election promise by the state's premier comes to fruition.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>SA premier Peter Malinauskas today pledged $500 million to unlock housing inside central Adelaide, if Labor holds onto power at the March election.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The policy would see more CBD apartment buildings dominate the city's skyline, with Labor vowing to act as guarantor for developers in off-the-plan builds.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/leichhardt-sydney-cafe-crash/ab7a58fa-c24d-4a3b-8245-7d9e6a98f0a1" rel="" target="" title="Woman seriously injured after car ploughs into outdoor dining at Sydney cafe"><strong><span>Woman seriously injured after car ploughs into outdoor dining at Sydney cafe</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Our city needs to build out and up so that future generations have that shot at home ownership," Malinauskas said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The reason we have a housing crisis in this country is because there have been too many political leaders who sat on their hands and watched it happen before their eyes."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>A maximum of $30 million per project will be on offer to finance the builds and kickstart construction.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/south-australian-election-promise-housing/db0f4a97-3547-48de-8535-14f1c1a30c8c" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span> "2400 apartments are ready to go in our CBD right now, they've got the development approval, they just need the pre-sale financing requirements," Malinauskas said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The money is aimed at clearing the backlog of already approved apartments and encouraging city living.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/trump-says-tech-leaders-mayor-change-mind-about-force-in-san-francisco/bae3af36-480e-4c74-9a50-cc75ea078f10" rel="" target="" title="Trump says tech leaders and mayor changed his mind about using federal force in San Francisco"><strong><span>Trump says tech leaders and mayor changed his mind about using federal force in San Francisco</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The Liberals have criticised the "niche" policy but are yet to announce any plan to unlock more housing in the CBD.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"We're not saying it's not something we'd do, but just on the face of it, it looks like an awful lot of product for potentially a small amount of product," opposition spokeswoman Michelle Lensink said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Should Labor be re-elected, the policy will begin next May.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/how-to-follow-9news-digital/29855bb1-ad3d-4c38-bc25-3cb52af1216f"><em><strong><span>DOWNLOAD THE 9NEWS APP</span></strong></em></a><em><strong><span>: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the</span></strong></em><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727"><em><strong><span>Apple App Store</span></strong></em></a><span> </span><em><strong><span>and</span></strong></em><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1"><em><strong><span>Google Play</span></strong></em></a><em><strong><span>.</span></strong></em></div></div>