The Housing Australia Future Fund Facility (HAFFF) is a Federal Government funding initiative administered by Housing Australia to support the delivery of 20,000 new social homes and 10,000 new affordable homes across Australia over a 5-year period, including housing to support acute housing needs.

The Housing Australia Future Fund (HAFF) is a $10 billion investment fund established by the Federal Government and managed by the Future Fund. The income generated by the HAFF will provide disbursements to fund the delivery of housing under the HAFFF and the NHAF. Housing Australia is expected to administer the majority of the disbursements from the HAFF.

Funding rounds

The Call for Applications (CFA) for funding under Round Two of the HAFFF is now open to State and Territory Governments for eligible social housing projects.

The CFA opened on 16 December 2024 and will close at 12 noon on Friday 31 January 2025 AEDT.

Funding Round Two aims to ensure a balance of social and affordable housing outcomes are achieved over the 5-year program by partnering with states and territories to deliver up to 5,000 social dwellings.

To be eligible, projects must increasesocial housing through oneof the following:

• construction of a new dwelling
• purchase of a newly built dwelling
• renovation of existing residential dwellings that were otherwise uninhabitable
• conversion of a non-residential property to a residential dwelling.

Projects must comply with energy efficiency standards and standards of liveability outlined in the Housing Australia Investment Mandate.

State and Territory Governments have the option to partner with Community Housing Providers and other eligible entities to support the delivery and management of social housing.

States and Territories may nominate an eligible entity to receive HAFFF funding (subject to Housing Australias agreement). The eligible entity must be: 

• a local government body;
• a local-government-owned corporation (other than a utility provider) that is a constitutional corporation; 
• An entity that:
  • is a registered community housing provider; and
  • is a registered charity; and 
  • is a constitutional corporation 
• An entity that:
  • has the primary purpose of improving, directly or indirectly, housing outcomes for Aboriginal or Torres Strait Islander people; and 
  • is a registered charity. 
• An entity that:
  • has the primary purpose of improving, directly or indirectly, housing outcomes for members of the Australian Defence Force; and 
  • is a registered charity. 
• An entity that:
  • has the primary purpose of improving, directly or indirectly, housing outcomes for former members of the Australian Defence Force; and 
  • is a registered charity, and 
  • is a constitutional corporation 
• An entity that:
  • is a HAFFF special purpose vehicle; and 
  • is a constitutional corporation.

An entity is a HAFFF special purpose vehicle if:

• it has a purpose of undertaking any of the following kinds of projects:
  • projects to increase available social housing or affordable housing, or both;
  • projects to address acute housing needs; and
• at least one of its members is an entity mentioned above.

• Phone: (02) 8925 1800