Purpose of HAP Fund
7.31B Purpose of HAP Fund
The purpose of the HAP Fund is to support housing and promote economic activity in each region for which a housing and productivity contribution is required.
The HAP Fund achieves this by providing a source of funding for regional infrastructure in the region that—
facilitates the achievement of the planning priorities identified in a strategic plan applicable in the region, and
is able to be delivered in a reasonable time, and
is aligned with the asset management plan of the public authority to whom funding is provided.
The planning priorities include the housing targets declared under section 3.2A for a region or a local government area and identified in a strategic plan.
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