Housing Australia Act 2018

Here is a 150-200 word summary of the Housing Australia Act 2018:

The Housing Australia Act 2018 establishes Housing Australia, an entity to improve housing outcomes for Australians. The object of this Act is to strengthen efforts to increase the supply of housing, encourage investment in the social or affordable housing sector, provide finance or grants that complement Commonwealth activities relating to housing, contribute to the development of the community housing sector, assist earlier access to the housing market by first home buyers and other groups, and improve housing outcomes for Aboriginal and Torres Strait Islander people. Housing Australia has various functions, including making loans and grants, issuing guarantees, and providing capacity building services. The Minister may give directions about the performance of these functions through an Investment Mandate. The Board decides strategies and policies to be followed by Housing Australia and ensures its proper, efficient, and effective performance. The Chief Executive Officer is responsible for the day-to-day administration of Housing Australia. This Act also includes provisions related to the management and operation of Housing Australia.