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ANTHONY ALBANESE MP

LEADER OF THE AUSTRALIAN LABOR PARTY

MEMBER FOR GRAYNDLER

 

JASON CLARE MP

SHADOW MINISTER FOR HOUSING AND HOMELESSNESS

SHADOW MINISTER FOR REGIONAL SERVICES,

LOCAL GOVERNMENT AND TERRITORIES

MEMBER FOR BLAXLAND

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:

• Build 20,000 new social housing properties, including 4,000 homes for women and

children fleeing domestic and family violence and older women on low incomes

who are at risk of homelessness,

• Build 10,000 affordable homes for the heroes of the pandemic - frontline workers

like police, nurses and cleaners that kept us safe,

• Directly support 21,500[1] full-time jobs across the construction industry and

broader economy, per year, over 5 years, nationwide - One in 10 direct workers on

site will be apprentices.

• Provide $200 million for the repair, maintenance and improvements of housing in

remote Indigenous communities, where some of the worst housing standards in the

world are endured by our First Nations people,

• Invest $100 million in crisis and transitional housing for women and children

fleeing domestic and family violence, and older women on low incomes who are at

risk of homelessness, and

• Invest $30 million to build housing and fund specialist services for veterans who

are experiencing homelessness or at-risk of homelessness.

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]

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.”

THURSDAY, 13 MAY 2021

 

MEDIA CONTACTS:

LEADER’S PRESS OFFICE 02 6277 4053

ARLEY BLACK (CLARE) 0458 834 978

[1] According to a 2020 NHFIC Report each $1 million of residential building construction

industry output supports nine jobs across the economy.

[2] According to a 2020 NHFIC Report $1 million of residential building construction output

supports around $2.9 million of industry output and consumption across the broader

economy.