Labor Promises $10B for Social Housing in Budget Reply Australian Opposition leader Anthony Albanese has promised a $10 billion (US$7.7 billion) housing fund to build 30,000 social and affordable housing as part of Labor’s response to the 2021 Budget. In his Budget reply speech, Albanese said the Labor Party was committed to lifting wages, fixing age care, addressing the housing crisis, championing equality for women, and more. “What a missed opportunity if our economy comes out the other side with nothing to show for this transformational moment but the biggest debt and deficit of all time,” Albanese said. He attacked the Tuesday budget for merely showing “the sorry tale of 8 years of Liberal neglect” and presenting a trillion-dollar debt plan.