The Albanese Government’s Social Housing Accelerator will build around 1,500 homes for New South Wales residents who need them.
As part of the $2 billion Social Housing Accelerator, the New South Wales Government has received $610 million from the Commonwealth to deliver these additional homes.
All the Commonwealth funding for these homes must be committed by New South Wales by 30 June 2025.
The Government is today releasing final implementation plans for the $2 billion Social Housing Accelerator that shows how many homes state and territory governments will deliver with funding from the Commonwealth.
This is another example of the Albanese Government working with the New South Wales Government to build more homes.
Today’s announcement builds on the new $10 billion Housing Australia Future Fund and agreement by National Cabinet to deliver the most significant housing reforms in a generation.
This agreement includes a new national target to build 1.2 million new well‑located homes, the National Planning Reform Blueprint, and A Better Deal for Renters.
At National Cabinet, the Albanese Government also committed a further $3 billion to the New Homes Bonus to incentivise states and territories to undertake the reforms necessary to reach the 1.2 million well‑located homes target.
A new Housing Support Program will also provide another $500 million to help local and state and territory governments deliver new housing supply in well‑located areas.
Quotes attributable to Federal Housing Minister Julie Collins:
“We recognise Australia is facing housing challenges, which is why we’re taking immediate action with our $2 billion Social Housing Accelerator ‑ including $610 million for New South Wales.
“This new funding will mean more New South Wales residents have a safe and affordable place to call home.
“The Social Housing Accelerator is just one part of our ambitious housing reform agenda.
“This agenda is already making a real difference ‑ in New South Wales and right across the country.”
Quotes attributable to the New South Wales Minister for Housing and Homelessness Rose Jackson:
“The NSW Government is committed to ensuring every person in New South Wales has access to a safe and secure home.
“Housing affordability and availability is the biggest single pressure facing the people of our state.
“Our priority is to continue to deliver more social and affordable housing and this $610 million will expedite the delivery of homes in areas where people want to live and work.
“With more than 55,000 people on the social housing waitlist we need to do everything we can to get them off the waitlist and into homes sooner.”