Social and affordable housing fund first phase to deliver thousands of homes
The NSW Government has taken a major step towards delivering thousands of additional homes for vulnerable people across the State, with contracts awarded for the first phase of the Social and Affordable Housing Fund (SAHF).
NSW Premier Gladys Berejiklian and Minister for Social Housing Pru Goward today announced five parties have received contracts to deliver homes and tailored support services in metropolitan and regional NSW as part of the fund’s first phase.
“We made an election commitment to provide more social and affordable housing and we are delivering on that promise through the SAHF,” Ms Berejiklian said.
“The successful providers are working in partnerships with government and non-government organisations, landholders and the private sector to deliver thousands of homes for some of the most vulnerable in our community – including older residents and women affected by domestic violence.”
“NSW is leading the way with this innovative initiative, which will provide social housing tenants with the homes and links to services they need to help work towards greater independence,” Ms Goward said.
“We want to provide vulnerable households with the tools and support to help them achieve the best social outcomes possible.”
The Council of Social Service of NSW CEO Tracy Howe welcomed the news that the first phase of the fund has come to fruition.
“This is an example of where the government and its partners in the private and NFP sector can really making a difference together,” Ms Howe said.
The successful parties, who will provide quality dwellings close to infrastructure and tailored support services, are:
- • BaptistCare NSW & ACT – delivering 375 homes for older people in housing stress and at risk of homelessness and 125 homes for single parent families with a focus on women impacted by domestic violence;
- • Compass Housing Services Co Ltd – delivering 600 homes for tenants that are close to support services and infrastructure;
- • SGCH Sustainability Limited – delivering 300 homes for tenants with tailored support coordination services and quality dwellings close to services and infrastructure;
- • St Vincent de Paul Housing – delivering 500 homes to general and older aged tenants;
- • Uniting – 300 homes for people aged over 55 without children at home.
The majority of the 2,200 homes will be built on land contributed to the State by non-government organisations.
The fund was set-up with $1.1 billion in seed capital from the NSW Government. The Government’s investment arm, TCorp, is investing the money to provide a stable income stream for up to 25 years to boost social and affordable housing, with homes to be built over four years.
Details of the next phase of the Social and Affordable Housing Fund will be announced shortly.