HOUSING FUND GOOD NEWS BUT WILL MEET JUST A FRACTION OF DEMAND (NSW)

The Premier’s commitment to establishing a $1.1billion investment fund that will help build at least 3000 affordable homes over the next few years is the first serious initiative to address housing affordability in NSW since the Commonwealth’s 2008 National Rental Affordability Scheme, the state’s peak not-for-profit housing body said today. NSW Federation of Housing Associations CEO Wendy Hayhurst said the new Social and Affordable Housing Fund was a welcome acknowledgement that Government intervention was necessary to meet the need for good quality, well-managed affordable housing in NSW.