Treasury Faces Questions Over Labor’s 40,000-Home Housing Target

Concerns have been raised about the slow pace of progress of the $10 billion Housing Australia Future Fund program.

Treasury Faces Questions Over Labor’s 40,000-Home Housing Target

TL;DR

  • The Treasury Department is being questioned about delivering 40,000 social and affordable homes by 2029.
  • Labor's housing program is valued at $10 billion (US$6.8 billion).
  • The Housing Australia Future Fund (HAFF) was established in November 2023.
  • The HAFF's initial goal was 30,000 homes, later increased to 40,000.
  • Currently, 2,199 homes have been delivered.
  • Liberal Senator Andrew Bragg questioned the progress rate.

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