Labor has guaranteed a minimum of $500m will be paid out of the Housing Australia Future Fund every year in a last-ditch bid to win Greens support for the bill to help build social and affordable housing.
The housing minister, Julie Collins, wrote to the crossbench on Monday offering a “guaranteed fixed disbursement” of $500m from 2024-25, with a new power for the treasurer and finance minister to increase the amount by regulation, making it a floor not a ceiling.