Supporting the future delivery of transformational housing projects across NSW
Under the investment, $50 million will go to Land and Housing Corporation to accelerate the delivery of around 2,800 new homes, including about 1,000 social housing properties across NSW.
Funding will help to realise the future delivery of several transformational projects we have planned for Western Sydney and regional areas, including in Coffs Harbour and Wagga Wagga. The projects will be delivered in partnership with the private sector and community housing providers.
We will build new properties to relocate tenants, acquire land for future redevelopment sites and complete site readiness works, which will help to deliver more homes.
The funding will also support ongoing work to unlock new mixed-tenure sites and deliver current major projects, including the vibrant renewal of the Telopea Precinct, so we can continue to deliver the right types of housing, at the right time, in the right areas.
Delivering new homes for people in need and those facing homelessness
We will also deliver a $30 million program to fund about 80 new small-scale, shovel-ready homes in western Sydney and regional towns over the next 18 months, including homes that support the NSW Homelessness Strategy.
Areas we have targeted for fast-tracked construction or new projects align with those identified in the NSW Homelessness Strategy 2018–2023 and include:
- Seven Hills
- South Granville