Albanese Government announces $2 billion Social Housing Accelerator

Australia’s federal government has announced a $2 billion investment into social housing, to deliver thousands of new homes across Australia.

The Social Housing Accelerator payment will be delivered to State and Territory Governments almost immediately, with all funding to be committed by states and territories within two years.

States and territories will have some flexibility in how they permanently boost social housing stock under the Social Housing Accelerator. They’ll be able to direct funds towards new builds, expanding programs, and renovating or refurbishing existing – but uninhabitable – homes.

It brings the government’s investment in housing and homelessness to more than $9.5 billion in this financial year.

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