Housing Australia Future Fund

Last updated

Housing Australia Future Fund
Agency overview
Formed1 November 2023
TypeGovernment investment fund
Jurisdiction Government of Australia
Annual budgetA$10 billion (2025)
Parent department Department of Finance
Key document
  • Housing Australia Future Fund Act 2023

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 medical research. In 2025, the HAFF had a capitalisation of A$10 billion. [1]

Contents

Purpose

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

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

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

As of 2025, the fund has a rate of return more than twice its originally projected rate of return. [7]

See also

References

  1. 1 2 3 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.
  2. ↑ 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.
  3. ↑ 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.
  4. ↑ "Housing Australia Future Fund". Department of Finance, Australian Government. 19 December 2024. Archived from the original on 21 February 2024. Retrieved 2 May 2025.
  5. ↑ "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.
  6. ↑ 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.
  7. ↑ 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.
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