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Australian Property Investor Magazine

Labor’s investment vehicle to raise funds for social and affordable housing projects, HAFF, was a signature election promise but it is in peril unless the government can get The Greens to support it.

The federal government’s signature $10 billion housing fund may be killed off before a brick is laid.

A day after The Greens forced voting in the Senate on Labor’s key Housing Australia Future Fund (HAFF) legislation to be pushed back to 16 October, Housing Minister Julie Collins speculated that the government may not reintroduce the bill.

As well as being a devastating blow to efforts to bolster the nation’s chronic shortage of housing, it could even lead to an early double dissolution federal election.

The Senate, by not passing the bill, has given the government the first part of the trigger that could be pulled if the bill was reintroduced and rejected by the Senate a second time.

To read the article in full including comments from UDIA WA CEO Tanya Steinbeck, click here.

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