The Housing Affordability Fund (HAF) is a $512 million fund that aims to lower the cost of building new homes by targeting critical supply side issues including the length of time taken to bring new houses to sale and the impact of infrastructure charges.
The fund will be distributed by direct grants, primarily to local governments, local government associations and State or Territory Governments, through a competitive selection process.
Proposals will be assessed against transparent, needs-based selection criteria and will have to demonstrate that cost savings are passed on to new home buyers.
The Government invites submissions from State, Territory and local governments, industry and other stakeholders to ensure the policy is well targeted.
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