Housing Australia Future Fund delivers first SA projects with 240 new affordable homes

Five affordable housing projects in Adelaide will begin construction this quarter after receiving approval under the federal Housing Australia Future Fund, the first SA projects to secure funding from the $10 billion Commonwealth housing investment program that commenced operations 18 months ago.

The five projects, delivering a combined 240 dwellings at rents capped at 30 per cent of median income for target tenants, are located in the inner-north, inner-south, and middle western suburbs of Adelaide — areas where the combination of proximity to employment, public transport access, and housing cost growth have made affordable housing increasingly scarce.

Housing Minister Julie Collins said the SA approvals demonstrated the HAFF's ability to unlock community housing provider investment in locations where pure market economics made affordable supply impossible. "These 240 homes would not exist without this program. They represent families who will have a stable, affordable home in a connected suburb," she said.

The SA government has contributed land on three of the five sites from government-held surplus portfolios, reducing the capital cost for the community housing operators and allowing the HAFF grants to stretch further. Two of the projects will be delivered by Renewal SA and three by community housing providers, including the largest single HAFF project in SA at a 72-dwelling development in the inner north.

A further nine SA projects totalling approximately 380 dwellings are in assessment for the next HAFF funding round, with decisions expected in the next quarter.

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