NSW Government Invests $450M in Affordable Housing for Essential Workers Amid Housing Crisis
June 17, 2024![NSW Government Invests $450M in Affordable Housing for Essential Workers Amid Housing Crisis](https://cdn.brief.news/images/stories/c3864ad7409ff2eb354e2e399cb5bf24151cb60b50c6f33977e8857120d695129ba9bcf24cd54f8d63810b93e5750e611221d1fdaaae299e1bde888cef139eee.jpg)
The NSW government, led by Premier Chris Minns, is investing $450 million to build over 400 new apartments for essential workers in metro Sydney at subsidised rates.
Landcom will develop these rental dwellings on government land, with construction starting in early 2026 and move-ins expected by late 2027.
The initiative aims to address housing affordability and alleviate financial burdens for essential workers, allowing them to live near their workplaces.
The government is also allocating funds to improve rental quality, support TAFE NSW teachers, enhance firefighter positions, and boost public health initiatives.
Additional measures will ensure compliance with safety regulations, further enhancing public health and safety in the region.
Treasurer Daniel Mookhey highlighted the necessity of these policies amid a housing crisis.
Summary based on 2 sources
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![Huge change for Sydney renters](https://cdn.brief.news/images/links/fd2cd706547fec1c60482a55d23b1d12bc72c9152bf2d02b4b017521bae9d994dfe0943b9a1487d42a58ce442d9b40e280644cef155594fc4280cef2e5fcb4e3.jpg)
news.com.au — Australia’s leading news site • Jun 16, 2024
Huge change for Sydney renters![NSW budget pulling every lever to tackle housing crisis](https://cdn.brief.news/images/links/c3864ad7409ff2eb354e2e399cb5bf24151cb60b50c6f33977e8857120d695129ba9bcf24cd54f8d63810b93e5750e611221d1fdaaae299e1bde888cef139eee.jpg)
The West Australian • Jun 16, 2024
NSW budget pulling every lever to tackle housing crisis