The Albanese Labour Government is delivering more than 13,700 new social and affordable homes across Australia to deliver the biggest investment in social and affordable housing in over a decade.
The first round of Labour’s Housing Australia Future Fund and National Housing Accord programs will deliver 4,220 social and 9,522 affordable homes, including 1,267 homes for women and children escaping domestic violence and older women at risk of homelessness.
“The first round of funding under our Housing Australia Future Fund will deliver thousands of social and affordable homes across Australia for those that need it most,” said Prime Minister Anthony Albanese.
Housing Australia has recommended contract negotiations for 185 projects, with construction on almost 40 per cent of the 13,742 dwellings forecast to get underway this financial year.
Round one of the programs’ funding will unlock $9.2 billion of investment in social and affordable housing across Commonwealth, State and Territory government, and the private and community housing sectors.
The programs will provide an ongoing funding stream to build 40,000 social and affordable housing projects, with applications for round two opening in the next 6-months.
“We want to reduce the stress of housing for Australians – the long waits on housing lists, the long queues for rentals, the out of reach deposit for first home buyers – we’ll reduce these issues if we build more houses, and that’s what these projects do,” said Minister for Housing and Homelessness, Clare O’Neil.
He further added that “We’re building homes for renters, homes for first-home buyers, and homes for women and children escaping domestic violence and those at risk from homelessness, because more homes means more affordable housing for everyone.”
September 16, 2024