Labor Passes $10 Billion Housing Fund After Months of Negotiation

Labor has finally gotten the Housing Affordability Future Fund through the upper house.

The Australian Senate chamber at Parliament House in Canberra, Australia on Sept. 8, 2022. AAP Image/Mick Tsikas

The Australian parliament has passed a $10 billion (US$6.43 billion) housing fund legislation, paving the way for the Labor government to embark on its ambitious housing reform agenda.

After months of back-and-forth negotiations with the Australian Green Party and crossbench senators, the Labor government has secured enough votes to pass its Housing Australia Future Fund bill on Sept. 14.