Program:
Housing Support Program (HSP) – Priority Works Stream
Agreement:
Federation Funding Agreement – Affordable Housing, Community Services and Other
Participating parties:
Commonwealth of Australia; Australian Capital Territory
Country:
Australia
Total funding amount:
$1.0 billion (GST exclusive)
Funding allocation principle:
Per-capita distribution with a minimum allocation floor of $25 million for smaller jurisdictions
Program objective:
Acceleration of housing development and support for the National Housing Accord target of 1.2 million well-located homes by mid-2029
Program component:
Priority Works Stream
Funding recipients:
States and Territories of Australia
Minimum allocation jurisdictions:
Tasmania; Australian Capital Territory; Northern Territory
Estimated initial budget allocation:
$25.0 million for 2023–24 financial year
Implementation requirement:
Development of State Implementation Plans agreed with the Commonwealth
Project delivery milestones:
At least 60% of funded projects delivered by 30 June 2026; remaining projects delivered by 30 June 2027
Schedule commencement:
Date of signature by the Commonwealth and the Australian Capital Territory
Schedule expiry:
30 June 2029
Reporting obligations:
Six-monthly progress reporting and public reporting to the Federal Parliament and the Council on Federal Financial Relations
Evaluation requirement:
Joint Commonwealth and State evaluation of program outcomes and housing supply impacts
Statistical source for population calculations:
Australian Bureau of Statistics, National, state and territory population, September 2023
