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
  • 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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Sources

Huge change for Sydney renters

news.com.au — Australia’s leading news site • Jun 16, 2024

Huge change for Sydney renters

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