The Albanese Labor 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 Labor’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.
In just the first round of these programs, the Albanese Government is directly supporting more social and affordable housing than the Liberals and Nationals did in their entire nine years in office.
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