As the federal government announces initial funding rounds for two key housing policies, two more face fierce resistance in the Senate.
The first tranche of funds for the Housing Australia Future Fund and National Housing Accord programs are expected to deliver more than 13,700 new social and affordable homes nationwide.
Construction on almost 40 per cent of the builds was expected to begin in the current financial year.
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Prime Minister Anthony Albanese said the programs would deliver social and affordable housing to those who needed it most.
“I grew up in social housing. I know how important a roof over your head is and the opportunities it creates,” Albanese said in a statement.
Round one of the HAFF funding will unlock $9.2 billion of investment in social and affordable housing and will include more than 1200 homes for women and children escaping domestic violence and older women at risk of homelessness.
Housing and Homelessness Minister Clare O’Neil said the first round was supporting more social and affordable housing than the coalition had in nine years in government.
“We’re building homes for renters, homes for first-home buyers, and homes for women and children escaping domestic violence and those at risk from homelessness, because more homes means more affordable housing for everyone,” O’Neil said.
Less than 40 per cent of the 13,742 builds are expected to be under way this financial year, and applications for round two will open in the next six months.
As the rubber hits the road on two key housing polices, two more have hit a brick wall in the Senate
The federal government’s Help To Buy and Build to Rent schemes are facing opposition from the Liberal Party, the Nationals and the Greens.
Help To Buy would reduce deposit requirements for first home buyers via a government loan guarantee, while Build To Rent offers tax concessions and incentives for the build-to-rent sector.
Greens housing and homelessness spokesman Max Chandler-Mather said the party could not support the schemes in their current form.
“Labor’s only proposals before parliament will drive up house prices and give tax breaks to developers to build expensive apartments they already planned to build,” Chandler-Mather said.
“We have made clear to Labor our negotiating asks including capping rent increases, a mass build of public housing and scrapping the tax handouts to property investors denying millions of renters the chance to buy a home, but Labor have offered nothing in return.”