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The Guardian - AU
The Guardian - AU
National
Paul Karp Chief political correspondent

Labor guarantees minimum $500m each year for housing in bid to win Greens support

Construction workers are seen at a new housing development
Greens housing spokesperson Max Chandler-Mather says that increasing the $500m payout in Labor’s future fund for housing is ‘one of two key items on the table for the Greens’. Photograph: Darren England/AAP

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.

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