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Housing Australia Future Fund

Published: (Updated: ) in Australian News by .

An Albanese Labor Government will create a ten billion dollar off-budget Housing Australia Future Fund to build social and affordable housing now and into the future. This will create jobs, build homes and change lives. Over the first five years, it will: Build 20,000 new social housing properties, including 4,000 homes for women and children fleeing domestic and family violence and older women … Continue reading “Housing Australia Future Fund”

An Albanese Labor Government will create a ten billion dollar off-budget Housing Australia Future Fund to build social and affordable housing now and into the future.

This will create jobs, build homes and change lives.

Over the first five years, it will:

After the first five years, a portion of the investment returns will be available to fund acute housing needs each year, in perpetuity. This funding will be used for additional crisis housing, transitional housing and long-term social housing in parts of the country with the greatest need.

This is not just good social policy, it’s also good economic policy.

Over the first five years the value of residential construction work directly supported by the Housing Australia Future Fund will be approximately $12 billion and inject over $34.8 billion into the economy. [2]

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After eight long years in Government, housing affordability has just got worse and there are more homeless Australians than ever before.

The Housing Australia Future Fund will give more Australians a future.

Quote attributable to the Leader of the Australian Labor Party, Anthony Albanese:

“The security of a roof over one’s head should be available to all Australians.”
 
“The home I grew up in gave me and my mum so much more than somewhere to sleep. It gave us pride, dignity and security, and it gave me a future.”

Quote attributable to Shadow Minister for Housing and Homelessness Jason Clare:

“This will make money, create jobs, build homes and change lives.”

Source: 16 News http://www.16news.com.au/index.php/2021/05/14/housing-australia-future-fund/

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