Housing policy framework

Current policy landscape

National Agreement on Social Housing and Homelessness

The National Agreement on Social Housing and Homelessness (NASHH) replaced the National Housing and Homelessness Agreement (NHHA) on 1 July 2024. It is a 5-year agreement between the Australian and state and territory governments under the Federal Financial Relations Act 2009. The Agreement supports the operation of Australia’s social housing and homelessness services sectors and is underpinned by a new outcomes framework along with a commitment to improve data and reporting. It will be subject to an independent review, commissioned by the Australian Government and in consultation with states and territories, to determine its effectiveness. Under the NASHH, the Australian Government is providing $9.3 billion, approximately $1.8 billion per year over 5 years, to states and territories.

National Housing Supply and Affordability Council

The Council provides independent, evidence-based expert advice to Government on housing supply and affordability matters (NHSAC 2026). The Council builds the evidence base for national housing policy through its research, housing supply and demand forecasts, and by working to improve data availability and quality. The Council also engages with, and learns from, the diverse perspectives of stakeholders who are equally committed to achieving real reform in the housing system. The Council releases the national State of the Housing System report annually on its research. 

National Housing Accord

The National Housing Accord (2022) brings together all levels of government, investors and the residential development, building and construction sector to unlock quality, affordable housing supply over the medium term. 

The Accord includes a national target of delivering 1.2 million new, well‑located homes over 5 years from mid‑2024. The Accord recognises the need for more housing to be provided by the market, with government playing a pivotal role in the investment of building affordable housing that is close to services and other amenities. To support the delivery of new homes towards the target, $3.5 billion in Australian Government payments will be made to state, territory and local governments.

As part of the Accord, Australian Government funding of $350 million will help support the delivery of 10,000 affordable homes over 5 years from 2024–25. Additionally, state and territory governments have committed to deliver up to 10,000 affordable homes nationally, supporting a total of up to 20,000 affordable homes under the Accord (The Treasury 2026).

There are a range of programs designed to help reach the Accord’s targets (The Treasury 2026):

  • Housing Support Program
    • $500 million initiative to help kick start housing supply, including connecting essential services and amenities to support new housing development or building planning capability.
    • In the 2024–25 Budget, an expansion of this program was announced, with a further $1 billion being made available to states and territories for significant enabling infrastructure and delivery of social housing. 
  • National Planning Reform Blueprint
    • Outlines planning, zoning, land release and other measures to improve housing supply and affordability.
  • New Home Bonus
    • $3 billion to help incentivise states and territories to build more than their share of the targets listed under the Accord.
  • Social Housing Accelerator Payment
    • A one-off $2 billion payment to states and territories to deliver an increase in the stock of social housing across Australia. Jurisdictions have flexibility in how the funds are used, including for new builds, spot purchases, expanding existing state programs, and renovating or refurbishing existing but uninhabitable stock.

In the 2026–27 Budget, the Government announced a new stream of the Housing Support Program. The Local Infrastructure Fund will provide $2 billion for local governments and state utility providers to build essential infrastructure to support new housing – including by connecting essential services such as water, power, sewerage and roads. This funding will support up to 65,000 homes over the decade (Treasury 2026).

Housing Australia

Housing Australia (formerly the National Housing Finance and Investment Corporation) has primary responsibility for delivering key programs which form the Government’s housing agenda including increasing the supply of social and affordable housing and helping Australians realise homeownership sooner. 

Housing Australia is responsible for delivering Australian Government commitments to support funding for 30,000 new social and affordable dwellings through the Housing Australia Future Fund (HAFF) (Department of Finance 2026), and an additional 10,000 affordable homes through the National Housing Accord (Housing Australia 2026).

Housing Australia Future Fund

The Housing Australia Future Fund (HAFF) was established to provide an additional funding source to increase the supply of social and affordable housing as well as other acute housing needs.

The HAFF will provide a minimum annual disbursement of $500 million per year, indexed from 2029–30, to support delivery of 20,000 new social and 10,000 new affordable homes over 5 years and to fund a range of acute housing needs. The disbursements will contribute $324 million to a broader $330 million package over 5 years to support a range of acute housing needs, including for: veterans, housing in remote First Nations communities, and accommodation for women and children impacted by family and domestic violence. As part of the HAFF, $100 million has been dedicated to additional crisis and transitional housing options for women and children experiencing family and domestic violence, and older women at risk of homelessness. This commitment will be delivered via a 5-year capital works grant program funding the building, remodelling or purchase of new or expanded crisis or transitional accommodation.

Affordable Housing Bond Aggregator

The Affordable Housing Bond Aggregator (AHBA) provides low-cost and longer-term loans to registered Community Housing Providers (CHPs), supporting more social and affordable housing. The Government provides Housing Australia a $4 billion line of credit facility to advance initial loans to CHPs prior to issuing bonds, and for the direct financing of some loans to CHPs.

In the 2025–26 MYEFO, the Government increased the cap on the Government’s guarantee of Housing Australia’s liabilities by $26 billion to a total of $44 billion – enabling Housing Australia to support the delivery of more social and affordable housing under the AHBA and the first two rounds of the HAFF and National Housing Accord.

National Housing Infrastructure Facility

The National Housing Infrastructure Facility (NHIF) was originally established as a $1 billion facility that provides finance in the form of grants and concessional loans for eligible critical infrastructure projects that will unlock new housing supply, particularly social and affordable housing.

In 2022, the Government expanded the remit of the NHIF to allow for more flexible use of the available funds to also help directly unlock new social and affordable dwellings and attract more institutional capital to the sector.

In the 2024–25 budget the Government committed, an additional $1 billion in federal funding ($700 million for grants and $300 million for concessional loans) for the NHIF to support crisis and transitional accommodation for women and children experiencing domestic violence, and for youth experiencing, or at particular risk of, homelessness. This program was recently renamed to the HAFF Crisis and Transitional Accommodation Program. Until 5 January 2026, the full amount was notionally allocated for projects in each state and territory. After this period, any remaining uncommitted funds can be allocated to eligible projects regardless of where the project is located. As this is a demand-driven program, Housing Australia regularly publishes updates on HAFF CT jurisdictional funding allocations for grant and/or loan decisions on their website.

Capacity building for the social and affordable housing sector

The Government is providing $2.1 million over 3 years from 2024–25 to build the capacity of community housing providers and Aboriginal and Torres Strait Islander community-controlled housing organisations, assisting these organisations to engage with the Government's housing financing programs and improve their delivery of housing (The Treasury 2026).

Supporting youth into community housing

In the 2026–27 budget, the Government announced $59.4 million over 4 years from 2026–27 to provide additional rental income support to community housing providers that rent to eligible young people, aged 16–24.

Government housing assistance expenditure

In 2024–25, Australian Government funding for the NASHH and related agreements was $1.9 billion (of which $1.8 billion was for the NASHH). An additional $6.4 billion was spent on Commonwealth Rent Assistance (CRA), an increase from 2023–24 ($5.7 billion). In 2024–25, state and territory net recurrent expenditure on social housing was $5.9 billion, an increase of $0.4 billion from the previous financial year. State and territory government social housing capital (non-recurrent) expenditure was $4.9 billion in 2024–25 (Productivity Commission 2026).