$10b fund for 30,000 homes at risk of defeat as negotiations fail to progress

abc.net.au/news/housing-future-fund-faces-failure-in-senate/102148770The government's election commitment to fund 30,000 social and affordable homes over the next five years is at risk of defeat, as the Greens continue threats to vote against it unless the government significantly steps up funding.

"Our point is for the millions of people in this country who need an affordable home, for the hundreds of thousands on the wait list for social housing; their lives shouldn't be dependent on whether or not a gamble on the stock market goes well - imagine doing that for schools or hospitals?" But the government has resisted offering a guaranteed minimum spend, even if the fund does not make returns.

Julie Collins says the $10 billion housing fund would be the single biggest housing investment in a decade.

The last thing banks want is cheap housing.

Centerlink are lucky. Employers are desperately looking for jobs.

Get it started and have a go.

Look at the positive side, $368 billion for US/UK nuclear powered subs passed without any negotiations...

Who gives a rats about the environment, right? Lets piss those pesky Koalas off to zoos so we can build more urban sprawl. Anybody heard of climate change? You know the effect of building the houses, roads, hospitals and schools, power and water..

Rentals sould be capped to a price where investment properties are not a viable option allowing realistic homeownership and allowing people to democratically invest in prosperity as opposed to the current system monopolies making huge profits gov uses as a personal portfolio

Look at us , we want to be seen ,heard and ,while we say we support social welfare, we couldn't give a ----!

We can afford $368 billion for submarines means there is no limit to spending. $50 billion for homeless is easy

Australians are drunken socialists. I saw it 25 years ago on my first visit. They literally think rights are granted by government instead of being inherent and inalienable.

The fund is a joke. Commit to spending the 10b over 5 years on actually building housing rather than speculation. The investment in housing would probably have better returns and fund managers wouldn't be scraping 10s of millions of the top.

Sorry what the Australian government will not spend $10 billion on social housing, but is happy to spend a projected amount of $368 billion for the AUKUS Submarines. Are you FUCKING kidding me!

Typical greens. Its got to be our way or the homeless can go to hell. We must pander to our egos, not the needs of the electorate. The greens are as big a disgrace as the LNP.

We had a $200 billion submarine plan until The Age & SMH ran the red scare campaign, then suddenly the budget jumped to $368 billion. How about we go back to the $200 billion plan & spend $168 billion on stuff we actually need. auspol

The Greens are a disgrace. Why halt all progress? FFS they may as well enter into a Coalition with the Opposition.

Holding out on this doesn’t make sense.

Is 30K the same as 1 Million Another election promise broken with no push back from MSM

public housing is money down the sinkhole The tenants are crappy risky tenants They dont pay rent to buy drugs

There is plenty of cheap land in rural Australia for the Greens to move to if they can't afford the inner city.

FFS, the greens holding back progress again, what bullshit. It's $10 billion, get it done, and start building. Negotiate for more later. 🤔

Meanwhile, 1M currently empty homes in Australia...

The Greens are right. It's nowhere near enough.

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