Housing minister says work for social and affordable homes can begin as soon as future fund is established but Greens say it should begin now
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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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