Applications open today for the first round of funding for social and affordable homes under the $10 billion Housing Australia Future Fund (HAFF) and the National Housing Accord.
Today’s opening of applications kickstarts the single biggest investment in social and affordable rental housing in more than a decade.
This will be a transformational investment – helping to give thousands of Australians a safe and affordable place to call home.
The HAFF and the Accord are important parts of the Albanese Government’s ambitious housing reform agenda, supporting an ongoing pipeline of funding for new homes for Australians who need them.
Together, the investments will fund 40,000 social and affordable rental homes.
The investments will also provide a new opportunity for institutional investors, including superannuation funds, to partner with government to fund homes.
The program is delivered through Housing Australia which already administers the Affordable Housing Bond Aggregator and National Housing Infrastructure Facility.
Applications will be considered in accordance with Housing Australia’s Investment Mandate which was updated last year.
The Investment Mandate will help ensure that no state or territory misses out on rental homes supported by Housing Australia, and that regional, rural and remote Australia benefit from homes that are delivered.
More than 300 organisations have already registered to participate in the public consultation on the draft funding documents.
In its first five years, the HAFF will also provide housing support to remote Indigenous communities, women and children leaving or experiencing domestic and family violence, and older women and veterans experiencing or at risk of homelessness.
This will mean more homes for more Australians, right across the country.
More information can be found on Housing Australia’s website.
Quotes attributable to Minister for Housing, Julie Collins:
“After a decade of little action from the former Liberal Government, we’re not wasting time getting more homes on the ground.
The opening of applications for the Housing Australia Future Fund and National Housing Accord marks a huge step forward.
We’re kickstarting the single biggest investment in social and affordable rental housing in more than a decade.
These new homes are a critical part of our ambitious housing reform agenda which is working across the board - with more help for homebuyers, more help for renters and more help for Australians needing a safe place for the night.”