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The Guardian - AU
The Guardian - AU
National
Jonathan Barrett Senior business reporter

‘Gamechanger’: super fund billions touted as solution to housing crisis

Roofers at a building site in Canberra.
Under the IFM plan, industry super funds would help bankroll social and affordable housing via long-term debt provided to not-for-profit housing providers, backed by Housing Australia Future Fund subsidies. Photograph: Lukas Coch/AAP

Industry super funds have pledged to invest billions of dollars in social and affordable housing in a proposal that could rejuvenate federal government plans to address a critical shortage exacerbated by cost-of-living pressures.

Critically, the plan prepared by IFM Investors, a major institutional investor owned by a collective of industry super funds, relies on various reforms from state and federal authorities and calls for a doubling of Labor’s $10bn housing investment vehicle.

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