Key housing affordability advocates have welcomed Prime Minister Anthony Albanese’s commitment to expand the National Housing Infrastructure Facility to social and affordable housing.

Mr Albanese made the commitment in his closing address to the Jobs and Skills Summit in Canberra this afternoon. The policy makes it possible for $575 million dollars in the national housing infrastructure facility to invest in affordable housing by attracting financing from super funds and other sources of private capital.

The Prime Minister’s commitment is an important recognition of the critical role social and affordable housing must play if Australia is to address core economic challenges such as productivity and labour mobility, according to Community Housing Industry Association, National Shelter, Homelessness Australia and Everybody’s Home.

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