abc.net.au/news/federal-government-concedes-key-crossbench-housing-fund-demand/102470248The federal government has made a key concession on its centrepiece housing policy to try and garner crossbench support in the Senate, but the Greens still plan to vote against the bill.The housing minister has offered to guarantee a $500 million yearly spend on housing in return for crossbench support
Under the policy, a $10 billion fund would be established and invested, with the returns used to build social and affordable housing from 2024-2025 – with a spending cap of $500 million per year. "We urge you all to vote in support of the Housing Australia Future Fund, and the tens of thousands of rental homes it will help fund."Greens housing spokesman Max Chandler-Mather says the party is willing to negotiate on a yearly spend between $500 million and $2.5 billion.
"Spending a fixed $500 million amount, only starting in 12 months' time is not a response to the housing crisis, it's a disaster."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Property Property Latest News, Property Property Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Housing Minister to keep ‘having conversations’ on housing fund until final Senate voteHousing Minister Julie Collins has criticised the Coalition for its opposition to the Housing Australia Future Fund. “We can’t have Liberal members, Coalition members writing to me saying we have a housing issue, they want more houses and then blocking our Housing Australia future fund bill in the Senate,” Ms Collins told Sky News Australia. “We’ll keep having conversations until the final vote in the Senate, we want to get this bill through.”
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Housing Australia Future Fund ‘expected to be voted down’ by Coalition and GreensSky News Political Editor Andrew Clennell says the government's Housing Australia Future Fund legislation is “expected to be voted down” by the Coalition and the Greens in the Senate this week. “The Greens had asked for $2.5 billion a year for housing … and they want a rental freeze,” Mr Clennell said. “The housing Minister Julie Collins made it clear, as the PM has made clear in private discussions to Greens Leader Adam Bandt, that is not something the federal government feels it can deliver.”
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Labor to make $500 million housing concessionAt 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.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Labor says Greens blocking housing will be a ‘betrayal’The housing bill will be the first matter up for debate in the Senate this week.
Source: smh - 🏆 6. / 80 Read more »
Labor facing continued backlash to pass centrepiece housing fundThe government still faces significant backlash to its signature $10 billion housing fund from both the Greens and the Coalition as it stares down a possible double dissolution trigger.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Labor says Greens blocking housing will be a ‘betrayal’The battle between the Albanese government and the Greens over a $10 billion housing fund will resume in the Senate this week, with Labor drawing a red line through the demand for a rent freeze.
Source: theage - 🏆 8. / 77 Read more »