Housing Australia Future Fund
| Agency overview | |
|---|---|
| Formed | 1 November 2023 |
| Type | Government investment fund |
| Jurisdiction | Government of Australia |
| Annual budget | A$10 billion (2025) |
| Parent department | Department of Finance |
| Key document |
|
The Housing Australia Future Fund (HAFF) is a fund established in Australia by the Albanese government. It is managed by the Future Fund, with interest generated going to social and affordable housing. In 2025, the HAFF had a capitalisation of A$10 billion.[1]
Purpose
[edit]The fund was established to fund social housing and affordable housing.[1] As of 2025, the fund approves approximately 900 houses on average.[1]
Establishment
[edit]The legislation to establish the fund had been delayed for months in the Senate due to opposition from the Coalition and the Greens.[2] Labor had threatened to call a double dissolution election.[3]
The fund was established on 1 November 2023.[4]
Funding rounds
[edit]In January 2024, the fund opened the first round of applications.[5]
In December 2024, the fund opened the second round of applications.[6]
Rate of return
[edit]As of 2025, the fund has a rate of return more than twice its originally projected rate of return.[7]
See also
[edit]References
[edit]- ^ a b c Jericho, Greg (30 January 2025). "The HAFF is a small start to tackle housing affordability, but investors still get all the breaks". The Australia Institute. Retrieved 2 May 2025.
- ^ Wright, Shane; Muroi, Millie (7 March 2025). "Coalition claims housing fund has built zero homes. Labor says they are delivering". Sydney Morning Herald. Archived from the original on 27 March 2025. Retrieved 2 May 2025.
- ^ Lowrey, Tom (1 October 2024). "Double dissolution election threat to be revived in parliament over housing fight, as $100m crisis fund opens". ABC News. Archived from the original on 2 October 2024. Retrieved 2 May 2025.
- ^ "Housing Australia Future Fund". Department of Finance, Australian Government. 19 December 2024. Archived from the original on 21 February 2024. Retrieved 2 May 2025.
- ^ "Applications open for Housing Australia Future Fund finance". The Adviser. 16 January 2024. Archived from the original on 18 February 2025. Retrieved 2 May 2025.
- ^ Martin, Mina (17 December 2024). "Funding round two opens for Housing Australia Future Fund". Australian Broker. KM Business Information Australia Pty. Archived from the original on 29 March 2025. Retrieved 2 May 2025.
- ^ Crowley, Tom (13 February 2025). "Labor's social housing fund outperforming investment benchmark as construction begins". ABC News. Archived from the original on 14 February 2025. Retrieved 2 May 2025.