The $1.1 billion new housing package has no funding allocated in 2022-23, and then $5 million and $10 million in the subsequent two years.

There will be at least some social housing construction however, with $90.6 million in the coming 12 months and $23 million the year after to help the government reach its target of 2000 new homes by 2027. This program will also continue beyond the forward estimates.

The government is relying on the establishment of new statutory body Housing Tasmania - with legislation due in parliament in October - to drive investment for the ambitious housing program, with the main portion of its funding at least four years down the track.

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It will be created as part of the carve up of the Department of Communities

Housing Minister Guy Barnett said Housing Tasmania would be the "cornerstone" of the government's housing ambitions and he promised it would be successful.

"No stone will go unturned in ensuring the authority is able to achieve its objective - which is providing more housing for Tasmanians than ever before," he said.

The implementation of new planning strategies - also under development, after being promised in 2014 - is also considered key to this ambition.

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Details of the ongoing benefits from the waiving of Tasmania's historic Commonwealth housing debt, negotiated by senator Jacqui Lambie, were also included in the budget. This will see $19.7 million used for new housing construction over the next 12 months, delivered via Housing Tasmania.

The government has also introduced various other programs designed to increase housing supply, providing $2.5 million to its ancillary dwelling grants program to help home owners add rental accommodation on their properties, as well as $9.25 million over three years to expand its private rental incentives program.

The budget included $15 million for the Headworks Holiday program for new residential developments as part of plans to increase land supply.

Further funding was also put into the HomeShare program.

Two new supported accommodation facilities for older people in the North and North-West are expected to be completed by 2026-27 with $1 million provided in 2023-24 and more in the years after.

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