The Albanese Government is today releasing an updated Investment Mandate for Housing Australia, helping to unlock more social and affordable rental homes across the country.
The Investment Mandate will guide Housing Australia’s delivery of social and affordable rental homes under the $10 billion Housing Australia Future Fund (HAFF), as well as funds committed under the National Housing Accord.
These commitments will ensure more Australians have a safe and affordable place to call home, with 30,000 new social and affordable rental homes committed in the first five years of the HAFF and the 10,000 affordable rental homes under the Accord.
The states and territories will match the commitment under the Accord, adding up to another 10,000 new homes across the country.
The updated Investment Mandate will help ensure no jurisdiction misses out on rental homes under investments delivered by Housing Australia.
It will also ensure that regional, rural and remote Australia benefits from new homes that are delivered.
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, older women at risk of homelessness, and veterans experiencing or at risk of homelessness.
The updated Investment Mandate for Housing Australia is available on Federal Register of Legislation.
Quotes attributable to Minister for Housing, Julie Collins:
“Today marks significant progress in helping to ensure more Australians have a safe and affordable place to call home.
The updated Investment Mandate will mean no state or territory misses out on homes, and ensures that regional, rural and remote Australia benefits from our Government’s ambitious housing reform agenda.
With the Investment Mandate now finalised, Housing Australia will soon be able to invite project proposals for funding. We’re getting on with the job to deliver more homes for Australians who need them.
This is another critical step forward for housing policy under the Albanese Government.”
