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.
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.