$300m received 2022
What is to be delivered?
The Land and Housing Corporation (LAHC) will deliver:
- Capital upgrades to social housing properties owned by LAHC including those managed by community housing providers
- Improvements to social housing stock such as new kitchens, bathrooms, roofs, windows, fencing, internal and external paint, and floor finishes
Who will benefit?
- Social housing tenants will benefit from improved living conditions
- Local communities and businesses will benefit from jobs created to deliver the works
- The NSW Government will benefit from reduced property maintenance and operating costs in the future, as upgrading homes now will decrease LAHC’s forecast maintenance liability
What are the key milestones?
- July 2022: Critical works commenced with upgrades to roofs, internal and external paint, windows, kitchens and bathrooms in social housing stock throughout Sydney, Central Coast, Hunter and Illawarra
- September 2022: Planning for year 1 completed
- March 2023: Program planning for years 2 and 3 completed
- March 2024: Review of program planning for year 3 completed (before commencement)
- December 2024: Full program of works completed
What are the key benefits?
- Upgrades to up to 15,800 aged social homes (dependant on cost increases, labour shortages and LAHC’s ability to adjust its program to respond to these pressures)
- Support for 900 construction workers and trades people
- 455 social homes retained that would otherwise become untenantable
- LAHC’s maintenance liability reduced by $244m between FY2023 and FY2025