Three housing renewal projects in the Hunter Region will deliver an $11.59 million investment to create 32 new social homes and support more than 50 jobs while bolstering local spending on businesses and trades.
The redevelopments are part of about 50 projects being delivered under the NSW Government’s $400 million Fast Track Housing Construction Package, to help boost economic recovery from COVID-19 in local communities throughout the State.
NSW Land and Housing Corporation Acting Chief Executive, Deborah Brill, said the government’s investment was accelerating the construction of new social housing in the region to support jobs and income for local businesses, tradespeople and apprentices.
“These housing renewal projects, at Landa Parade and Stannet Street in Waratah West, and at Richard Street in Adamstown, are supporting local vulnerable people who need the security and protection that goes with having a new home,” she said.
“This $11.59 million investment is also benefitting the local economy and community by prioritising local spending and providing local jobs that’ll help keep a roof over the heads of other local families and food on their tables.”
Ms Brill said the $400 million fast-track package will deliver more keys in doors for new social housing while generating greater security for the construction industry.
“We’re not just building hundreds of new homes throughout NSW to support vulnerable people, we’re also creating critically important jobs to support people and businesses who need them, both in the NSW construction industry and broader economy,” she said.
“This investment is also being backed by a priority initiative to fast-track project approvals so that shovels are in the ground faster.”
Construction is due to start early next year on the two projects in Waratah West and the one in Adamstown is set for completion in mid-2021.
Under the $400 million Fast Track Housing Construction Package, $250 million will be used by LAHC to accelerate more than 50 projects over the next two years to deliver about 580 new social homes throughout regional and metropolitan communities.
The other $150 million has been committed over the next three years for LAHC to accelerate the place-based redevelopment projects at Airds-Bradbury and Claymore in southwest Sydney, delivering more than 500 new social homes and around 1,000 new land lots for sale to build new private homes.
Overall, this timely $400 million investment announced in the recent NSW budget will create an estimated 800 direct and 1,200 indirect jobs before and during construction.
LAHC is also implementing a $200 million maintenance stimulus program to upgrade more than 3,500 social housing dwellings and support more jobs for local tradespeople.
This adds to the $47 million announced in April and delivered by LAHC, which supported 500 jobs and has provided works to improve more than 2,200 dwellings and another 200 buildings, grounds and complexes in NSW.