More than $50 million in seven housing renewal projects in the Georges River council area will deliver 117 new social homes and support more than 250 jobs while bolstering spending on businesses and trades.
The projects are part of about 50 being delivered under the NSW Government’s $400 million Fast Track Housing Construction Package, to help boost economic recovery from COVID-19 in local communities throughout the State.
The housing renewal projects are in Kingsgrove (two on Stoney Creek Road), Peakhurst (on Forest Road and Trafalgar Street), Hurstville (on Emily Street and Croot Street) and Lugarno (on Forest Road).
The government’s investment of more than $50 million in Southern Sydney is also benefitting the local economy and community by prioritising local spending and providing local jobs.
Minister for Water, Property and Housing, Melinda Pavey said the $400 million fast-track package will deliver more keys to new social housing across NSW, while generating greater security for the construction industry.
“We’re not just building hundreds of new homes throughout NSW to support vulnerable people, we’re also creating critically important jobs to support people and businesses who need them, both in the NSW construction industry and broader economy,” Mrs Pavey said.
“This investment is also being backed by a priority initiative within the NSW Government to fast-track project approvals so that shovels are in the ground faster.”
The projects are at various stages of development with construction underway, or due to start in coming months, to build modern homes that blend-in with surrounding communities.
Under the $400 million Fast Track Housing Construction Package, $250 million will be used by the NSW Land and Housing Corporation (LAHC) to accelerate around 50 projects over the next two years to deliver about 580 new social homes throughout regional and metropolitan communities.
The other $150 million has been committed over the next three years for LAHC to accelerate the place-based redevelopment projects at Airds Bradbury and Claymore in southwest Sydney, delivering more than 500 new social homes and around 1,000 new land lots for sale to build new private homes.
Overall, this timely $400 million investment announced in the recent NSW budget will create an estimated 800 direct and 1,200 indirect jobs before and during construction.
LAHC is also implementing a $200 million maintenance stimulus program to upgrade more than 3,500 social housing dwellings and support more jobs for local tradespeople.
This adds to the $60.5 million in the NSW Government’s $2.3 billion COVID-19 stimulus package provided in April, which supported 500 jobs and has provided works to improve more than 2,200 dwellings and another 200 buildings, grounds and complexes in NSW.