The Coalition government is considering the creation of a new affordable housing finance corporation to kick-start tens of millions of dollars in investment in community housing, in one of several major initiatives being examined for the federal budget.

Work has been under way for months on new ways to fund community housing, using a so-called "bond aggregator" model, based on an approach taken in Britain.

Research on a bond aggregator model by the housing think-tank, the Australian Housing and Urban Research Institute, went to state and federal governments last December and the federal government will now create an implementation taskforce that will take charge of the plan.

Fairfax Media has been told by senior government sources the taskforce will closely examine the bond aggregator proposal, among others, to create an Affordable Housing Finance Corporation.