Australian PM pledges $1.4 billion for afforable homes


FILE PHOTO: Australia's Prime Minister Anthony Albanese gives the keynote address for the 20th IISS Shangri-La Dialogue in Singapore June 2, 2023. REUTERS/Caroline Chia/File Photo

SYDNEY (Reuters) - Australia's centre-left Labor government said on Saturday it would commit A$2 billion ($1.4 billion) to deliver thousands of new affordable homes nationwide, as the country grapples with soaring living costs.

Prime Minster Anthony Albanese said the funds - to be used by 30 June 2025 - would be delivered to state and territory governments within two weeks, with the aim of boosting public housing supply for Australians on waiting lists.

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