Labor to make $500 million housing concession

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At least $500 million will be spent on social and affordable housing each year in a concession by Labor with hopes of securing support for the federal government’s key housing bill.

The government needs the support of the Greens to get its $10 billion Housing Australia Future Fund passed through the senate.

Labor has promised 30,000 social and affordable homes will be built over the first five years of the fund, using returns from the investment.

 

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