Construction has started on a $3 million housing renewal project in the Ryde LGA to deliver eight new social homes and support 15 jobs while bolstering local spending on businesses and trades.
The project at 8-10 Raymond Street, Eastwood is one of about 50 projects 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 Eastwood project will see two aging fibro cottages transformed into a modern, well-designed four two bedroom and four one bedroom unit development that will revitalize the local streetscape.
NSW Land and Housing Corporation Chief Executive, Mick Cassel, said the government’s investment was accelerating the construction of new social housing to support jobs and income for local businesses, tradespeople and apprentices.
“This housing renewal project in Eastwood is supporting local vulnerable people who need the security and protection that goes with having a new home,” he said.
“This $3 million investment is also benefitting the local economy and community by prioritising local spending and providing local jobs that’ll help keep a roof over the heads of other local families and food on their tables.”
Mr Cassel said the $400 million fast-track package will deliver more keys in doors for new social housing while generating greater security for the construction industry.
“We’re not just building hundreds of new homes throughout NSW to support disadvantaged and 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,” he said.
“This investment is also being backed by a priority initiative to fast-track project approvals so that shovels are in the ground faster.”
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.
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.
Read more about Future Directions for Social Housing in NSW.