Our $10 billion Housing Australia Future Fund has announced its first investment

Our $10 billion Housing Australia Future Fund has announced its first investment in social and affordable housing — the largest investment in over a decade! ✊

It was back in March 2023 that the Senate Economics Committee said the HAFF bill should pass as “a long-overdue reinvigoration of Commonwealth investment in safe, secure and affordable housing across Australia.”

It took a further 🚨 6 months 🚨 for the Senate to agree to pass the Bill.

Some lessons:
🏡 There’s no one single solution to the housing affordability crisis.
🏡 Every single home matters to that person who will get to live in it.
🏡 There’s no time to waste to pass our further housing affordability measures.

Through the first round of the HAFF, we will deliver:
✔ 13,700 new homes
✔ 4,200 social homes and 9,500 affordable homes nationwide.
✔ $9.2 billion in government and private investment.

With a BIG investment pipeline of $32 billion for new homes, this is just the beginning of what we can achieve, if the Parliament works with the urgency Australians deserve.