STRONG INTEREST IN $1.1 BILLION SOCIAL AND AFFORDABLE HOUSING BOOST
The NSW Government has announced that nine parties have been shortlisted to develop proposals to tap into the Social and Affordable Housing Fund (SAHF), which will deliver an additional 3,000 social and affordable homes in its first phase and slash waiting lists for vulnerable families.
Treasurer Gladys Berejiklian said the shortlisted parties consist of partnerships between non-government organisations, landholders and the private sector.
“The SAHF represents an innovative opportunity to boost social and affordable housing stock, while at the same time helping to improve the lives of the most vulnerable across our State,” Ms Berejiklian said. “That is why it is so promising to see such a strong response to the Expression of Interest process.”
The SAHF generated a strong market response, with 24 expressions of interest received delivering proposals across the State.
Minister for Social Housing Brad Hazzard said all shortlisted parties have been notified. After the preferred proponents are announced later this year, it is expected that a number of the parties will be awarded contracts under the SAHF program.
“We are rolling out the biggest social housing reforms in 40 years, with more social housing, better social housing and better outcomes for social housing tenants.
“The private and community sectors are vital in those reforms and the shortlisting of proposals moves us one step closer to delivering thousands of much needed social and affordable housing homes,” Mr Hazzard said.
Vulnerable households will be able to move into the properties over the next two to three years.
The SAHF will be set-up with approximately $1.1 billion in seed capital from the Government. The Government’s investment arm, TCorp, will invest the money to provide a stable income stream for up to 25 years to boost social and affordable housing.