Collins expects the legislation to pass parliament early next year and wants to see concrete slabs poured as soon as the fund starts providing returns,hopefully in the second half of 2023.
“If the returns come through in the second half of next year,I want to see that happening as quickly as we possibly can,” she said.
The fund would be designed to provide investment returns that would be used to fund social and affordable housing across the country,Collins said.
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Those returns are expected to fund 30,000 homes in the first five years,including homes for families fleeing domestic violence and for essential frontline workers including nurses,police and cleaners.
Collins said states and territories,and social housing providers thought the timing was good for the construction industry – which has been under pressure from booming demand and a shortage of supplies and workers.
“We’re pretty confident that once the funds are up and running,there’ll be no shortage of projects,” Collins said.