Housing Australia Future Fund Facility and National Housing Accord Facility - Round 3

The Housing Australia Future Fund (HAFF) is a dedicated $10 billion investment by the Australian Government to improve housing outcomes for Australians.

Through the HAFF, Housing Australia is working in partnership with all levels of government and the community housing, development and finance sectors to support the delivery of 20,000 new social homes and 20,000 new affordable homes across Australia over five years from 2024.

Through the HAFF, Housing Australia provides loans and grants for projects that increase the supply of social and affordable housing and address acute housing needs across Australia, including regional, rural and remote areas.

Round 3 will support the delivery of 21,350 well‑located, high‑quality homes that provide value for money and long‑term community benefit.  

Priorities include:

• Closing the gap: Support more homes being owned by First Nations led organisations with $600m ringfenced funding and a dedicated funding stream. In addition, 10% of all social housing across relevant funding streams must be allocated to First Nations households
• Keys in doors: Delivery certainty targeting support to homes that will be delivered in a timely way, seeking rolling completions from 2027 and all dwellings complete by June 2029
• Geographic distribution: Reach a minimum of 1,200 homes in each state and territory, with strong regional representation
• Well‑located homes: Fund well-located projects that improve liveability, responding to acute housing needs
• Enduring community value: Support proposals that demonstrate value for money and create long-term community value through Community Housing Providers and other eligible funding recipients
• Impactful partnerships: Encouraging collaboration across investors, developers, builders and delivery partners to maximise outcomes.

Eligible Funding Recipients for Round 3 include: 

1. Community Housing Providers
2. Charities with a primary purpose of improving housing outcomes for Aboriginal or Torres Strait Islander people
3. Charities with a primary purpose of improving housing outcomes for former members of the Australian Defence Force
4. Charities with a primary purpose of improving housing outcomes for members of the Australian Defence Force
5. State and Territory governments
6. Local governments.