Urban Taskforce CEO, Tom Forrest, said the passage of the Housing Australia Future Fund Bill through both Houses of the Commonwealth Parliament will be a much-needed shot in the arm for the property construction sector and for both social and affordable housing supply.
The fact that it took an entire footy season the see the Bill passed in the midst of a housing supply crisis reflects poorly on those responsible – but the fact that the $10 billion fund has now been legislated is welcome.
The extra $1 billion, on top of the $2 billion that Treasurer Jim Chalmers found for social and affordable housing when he suddenly discovered the budget was in surplus, is also welcome.
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