ALBANESE GOVERNMENT DELIVERING $50 MILLION FOR IMMEDIATE SOCIAL HOUSING BOOST IN THE AUSTRALIAN CAPITAL TERRITORY

THE HON ANTHONY ALBANESE MP
PRIME MINISTER OF AUSTRALIA

SENATOR THE HON KATY GALLAGHER
MINISTER FOR FINANCE
MINISTER FOR WOMEN
MINISTER FOR THE PUBLIC SERVICE
SENATOR FOR THE AUSTRALIAN CAPITAL TERRITORY

THE HON JULIE COLLINS MP
MINISTER FOR HOUSING
MINISTER FOR HOMELESSNESS
MINISTER FOR SMALL BUSINESS

ALBANESE GOVERNMENT DELIVERING 50 million to the Australian Capital Territory to immediately begin boosting social housing stock.

Part of the 50 million allocated to each State and Territory.

This investment will build more housing, for more Australians, in more parts of our nation.

The Albanese Labor Government knows a secure home will give more Australians the foundation for a better future.

States and territories will have flexibility in how they permanently boost social housing stock, including through new builds, expanding existing programs, renovating or refurbishing existing but currently uninhabitable housing stock.

This will create thousands of homes for Australians on social housing waiting lists and will increase housing supply sooner, with all funding to be committed by States and Territories within two years ending 30 June 2025.

This continues the work of the new National Housing Accord, a shared ambition to build one million new homes over five years from 2024, and builds on the work of National Cabinet on renters' rights and planning reforms.

The Albanese Government will continue to work with State and Territory Governments to address housing affordability, supply, and homelessness.

The 9.5 billion in this financial year to 30 June.

Quotes attributable to Prime Minister Anthony Albanese:

"My Government is delivering 10 billion Housing Australia Future Fund - the single biggest investment in social and affordable rental housing by a Federal Government in more than a decade."

Quotes attributable to Minister for Finance and Senator for the ACT Katy Gallagher:

"Ten years of neglect and inaction from the Coalition government has meant that Australians are facing high rents and the goal of home ownership is moving further out of reach for many.

"Labor knows that rents in the ACT are among the highest in the nation and too many Canberrans don't have access to safe and affordable housing and we are taking action.

"The Albanese Government is investing $50 million as an immediate priority to help increase social housing supply across the ACT.

"Its also crucial that the Greens stop joining forces with the Noalition to block the construction of even more houses in Canberra and instead support the Housing Australia Future Fund when it's debated and voted on next week."

SUNDAY, JUNE 18 2023