Crossbenchers in the senate are under pressure to pass the Australian Labor government’s $10 billion (US$6.7 billion) housing fund bill through the parliament this week after negotiations between the crossbenchers and the government derailed.
The bill is an initiative by Labor to fulfil its election promise to build 30,000 social and affordable homes, and under the legislation, the government will set up a $10 billion perpetual fund and use its returns to invest in housing across Australia.
