More than half of all projects awarded funding last year under the federal Labor government’s $10 billion Housing Australia Future Fund are stuck with no signed contract now the election campaign has started, and face losing funding for a promised 5565 homes if the Coalition comes to power.
While Housing Australia signed contracts for 91 housing projects (for a collective 8246 homes) before the government went into caretaker mode on March 28, a further 92 have been left in limbo by an agency that says it cannot execute any more contracts before the May 3 poll.
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