Housing Australia Future Fund & National Housing Accord Funding Announced

Bluebird’s ongoing commitment to social and affordable housing sure is ramping up in 2024!

Today an exciting announcement was made from the Housing Australia Future Fund Facility and National Housing Accord Facility who are opening doors for new homes. Applications for funding are now being accepted until 22 March.

Over the next five years, the HAFF has committed to supporting the delivery of a combined 30,000 new Social and Affordable Homes with an additional 10,000 through the NHAF program. As passionate experts in this area, Bluebird is currently assisting our Clients with funding eligibility, and busily preparing proposals and funding applications for some exciting new projects. For eligible Community Housing Providers, on your behalf and until 23 February, Bluebird can also apply for grant funding to cover our advisory services.

Get in touch ASAP to find out how we can help you or your Clients in unlocking more social and affordable housing projects - time is ticking!

HAFF & NHA Funding Application Summary

What’s next?

Applications for funding to support the delivery of social and affordable housing are now being accepted until 22 March. (Seems a while away but 9 weeks will fly by before you know it!)

This can include the construction of new homes, purchase of newly built homes, renovation of existing residential dwellings that were otherwise uninhabitable, or conversion of non-residential properties to residential dwellings. The proposed social and affordable homes need to be either completed, under construction or capable of starting construction within 18 months from March.

How does the funding work?

Funding is provided through 25-year Availability Payments for eligible applicants.

For eligible registered charitable applicants Concessional Loans (25-year zero interest plus any Development Phase where applicable) are available. Housing Australia may also provide Upfront Capital Grants in some exceptional circumstances.

Who can apply for funding?

States and Territories, local governing bodies, and registered charitable Community Housing Providers.

Registered charitable entities with a primary purpose of improving housing outcomes for Aboriginal and Torres Strait Islander people or members and former members of the Australian Defence Force are also eligible, along with SPV (if membership includes one of the above entities but may also include developers, financiers, sponsors and other entities.)

Bluebird works with Community Housing Providers, developers, government organisations and landowners in designing, financial modelling, funding and delivering their projects, ranging from small apartment buildings to large masterplanned developments.