The Government is committed to the HAFF, but it is by no means the only thing we are doing to tackle the housing crisis.
In June we announced a new $2 billion Social Housing Accelerator to deliver thousands of new social homes across Australia.
In our first budget, we funded the National Housing Accord, which includes funding for another 10,000 affordable rentals, to be matched by the states and territories with another 10,000 affordable rentals.
In this year’s budget, we are helping 1.1 million Australians with the rising cost of rent by increasing Commonwealth rent assistance by 15 per cent. That’s the largest increase in 30 years.
We’ve released an additional $2 billion in financing for more social and affordable rental housing by increasing the guaranteed liabilities of the National Housing Finance and Investment Corporation.
We’re also providing an extra $67.5 million to states and territories in the coming year through the National Housing and Homelessness Agreement, the NHHA, as well as delivering more than $1.6 billion in a one-year extension to the agreement while we work out the new National Housing and Homelessness Plan.
We’re working on our Help to Buy shared equity plan. This is a shared equity model similar to the one that we have in South Australia that has been working for close on three decades.