Australian PM Announces $2 Billion in Social Housing Investments

Bill for housing fund remains at standstill

Australian Prime Minister Anthony Albanese speaks to media during a press conference at the Kaarta Gar-up Lookout in Perth, Australia, on May 8, 2023. AAP Image/Matt Jelonek

Australian Prime Minister Anthony Albanese announced a $2 billion (US$1.4 billion) injection into social housing investment across the country as the federal government continues attempts to pass its “Housing Australia Future Fund” bill.

The $2 billion Social Housing Accelerator payment will be delivered to all states and territories in the next two weeks.