Community housing provider Foundation Housing is gearing up to deliver nearly 400 social and affordable homes in Perth.
Supported by the Federal Government’s Housing Australia Future Fund (HAFF), Foundation is planning to acquire and/or develop 396 homes across four projects in the metropolitan Perth area.
The HAFF-funded projects include Lot 121 at 5 Fiona Wood Road, which will deliver 213 new homes in a 22-storey build-to-rent tower in the Murdoch area of Perth.
Of those, 148 will be affordable and 65 allocated as social homes.
It is being delivered in partnership with the WA Government and Hesperia, and construction is expected to begin in mid 2025 now that funding has been secured.
A collection of apartments in the luxury Garden Towers project at 110 Plain Street, East Perth, under construction by Finbar Group is also being supported by HAFF funding.
The project, near Queens Gardens and the WACA cricket grounds, began construction in mid-2024, and Foundation Housing will acquire 39 units which will be available for affordable housing due for completion in late 2026.
Additionally, the Perth Hub Apartments at 80 Milligan Street by Far East Consortium, in walking distance of Perth Arena in the CBD, will provide 37 affordable units.
Foundation’s build-to-rent mixed-tenure development at Como is also being supported by HAFF, with 75 affordable and 32 social homes planned.
The project has recently secured development approval.
Collectively, the projects are valued at $280 million.
The $10-billion Housing Australia Future Fund was pushed through in September 2023.
Its first tranche of 13,700 social and affordable homes across 135 projects was unveiled a year later.
Despite the length of time it takes across the country to build new homes, HAFF faced criticism this year after it was revealed that no new homes had yet been delivered as part of the HAFF project.
At the end of February 2025, Finance Minister Katy Gallagher told the Senate that 340 homes had been “acquired and converted” under the HAFF from existing builders and developers.
It reportedly has 5400 homes under construction and nearly 8000 in planning stages.
But the Opposition has indicated it would scrap HAFF if voted in at the Federal Election this year.
