Government Policy
Housing Australia Future Fund: What Community Housing Providers Need to Know
The Housing Australia Future Fund (HAFF) is a $10 billion investment fund targeting 30,000 new social and affordable homes over five years. This article summarises the publicly available information about the HAFF and its implications for community housing providers and construction partners.
This article summarises publicly available information about the Housing Australia Future Fund. Building Solution Australia is not affiliated with Housing Australia or any government body. For authoritative information, refer to housingaustralia.gov.au.
What is the Housing Australia Future Fund?
The Housing Australia Future Fund Act 2023 established a $10 billion investment fund managed by the Future Fund Board of Guardians. Investment returns from the fund — targeted at $500 million per year — are directed to Housing Australia to finance new social and affordable housing construction.
Targets
The HAFF targets delivery of: - 20,000 new social housing properties over five years - 10,000 new affordable housing properties over five years - A minimum of 4,000 homes for women and children fleeing domestic violence, and older women at risk of homelessness
How funding is allocated
Housing Australia administers the HAFF and allocates funding through competitive grant rounds. Community housing providers (CHPs), state and territory governments, and other eligible organisations can apply for HAFF funding to deliver new social and affordable housing.
Eligibility and application
Eligibility criteria and application processes are determined by Housing Australia and published on its website. Applicants should refer to Housing Australia's published guidance for current eligibility requirements and application timelines.
Construction implications
HAFF-funded projects are subject to Housing Australia's requirements for project delivery — including design standards, construction quality, and programme milestones. Projects must comply with the National Construction Code and applicable Australian Standards.
BSA's perspective
Social and affordable housing construction is a key project type for Building Solution Australia. The HAFF creates a pipeline of government-backed housing projects where integrated design-manufacture-construct delivery can offer cost efficiency and programme certainty — both important considerations for government-funded programs.
Source Note
Based on publicly available information from Housing Australia. Refer to housingaustralia.gov.au for authoritative guidance.
Building Solution Australia