Multiple disability housing projects will be built across NSW as part of a $20 million commitment by the Federal Government’s National Housing Finance and Investment Corporation (NHFIC).
The agreement between NHFIC, specialist community housing provider BlueCHP Housing Limited and social impact financier For Purpose Investment Partners will see the construction of 11 homes across 4 locations in Sydney and greater Newcastle.
The developments – to be located in Rydalmere, Ryde, Boolaroo and Lane Cove – will be maintained on a long-term basis by BlueCHP Housing Limited.
Minister for Housing Julie Collins said the project will provide accommodation for up to 17 Specialist Disability Accommodation eligible residents.
'This project will help address the need for specialist disability housing and enable its residents to live more independent lives' Minister Collins said.
'It’s a great example of what can be achieved when we bring together government and the private sector, as the Albanese Government aims to do through our Housing Australia Future Fund and the new Housing Accord'.
'We will continue working to facilitate more collaborations between government, community housing providers and investors to ensure more Australians have a safe and affordable place to call home'.
The homes will provide support for residents with extreme functional impairment or very high support needs, as well as onsite overnight assistance for all residents.
The first stage of the project has commenced construction, with the Boolaroo site completed. The remaining sites are expected to be completed by late 2023.
The Albanese Government has an ambitious housing reform agenda, which includes:
- Widening the remit of the National Housing Infrastructure Facility, making up to $575 million available to invest in social and affordable housing.
- A National Housing Supply and Affordability Council to advise the government on housing supply and affordability.
- A $10 billion Housing Australia Future Fund which will build 30,000 new social and affordable housing properties in its first 5 years.
- A new National Housing Accord, a shared ambition to build one million new well-located homes over 5 years from 2024.
- $350 million in additional federal funding to deliver 10,000 affordable homes over 5 years from 2024 as part of the Accord.