The Albanese Labor Government is making the biggest investment in new social and affordable housing in more than a decade.The $10 billion Housing Australia Future Fund would deliver funding to build 30,000 affordable homes within its first five years - including:20,000 new social housing homes - 4,000 of which would be allocated to women fleeing domestic violence, and older women at risk of homelessness.10,000 affordable rentals for frontline workers like police, nurses and cleaners who kept us safe during the pandemic.$200 million to repair, maintain and improve remote Indigenous housing.$100 million for crisis and transitional housing for women and children leaving or experiencing domestic and family violence, and older women on low incomes who are at risk of homelessness; and$30 million to build housing and fund specialist services for veterans experiencing homelessness or at risk of homelessness.The Government will also guarantee in legislation a minimum disbursement of $500 million from the fund from the 2024-25 financial year, with that amount to be indexed from 2029 and can be raised at any time by a legislative instrument. If legislation was passed in June, funds would have commenced accruing and possible disbursements made in the 2023-24 financial year.
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