The Albanese government’s $10 billion Housing Australia Future Fund (HAFF) was launched in late 2023 and aims to deliver 40,000 social and affordable homes by 2028.
The HAFF operates as a perpetual fund managed by the Future Fund Management Agency. It provides an ongoing funding stream of at least $500 million per year, indexed to the Consumer Price Index (CPI) from 2029–30, to fund new social and affordable housing.
The fund’s returns are used to create social and affordable housing, with a minimum annual housing spend of $500 million, regardless of the fund’s performance.
