The first homes built from the proceeds of Millers Point public housing have been unveiled by the Minister for Family and Community Services, Brad Hazzard.
The Minister said a separate bank account had been established for the Millers Point proceeds and the account of sales and capital outlays on new dwellings will be reported in the Family and Community Services (FACS) annual report.
"The projected proceeds from the Millers Point property sales, expected to be about $500 million - will be re-invested into some 1,500 new social housing dwellings, allowing more people on the waiting list to be housed faster," Mr Hazzard said.
Speaking during a site visit to Lurnea where 10 new two-bedroom dwellings for seniors are nearing completion, Mr Hazzard said the sales proceeds and savings in maintenance were vital to the supply of new and additional housing.
"Here at Lurnea and in another 11 suburbs, construction is under way on 99 new dwellings which include easily-maintainable one and two-bedroom units designed for singles and the elderly and three-bedroom homes for families," he said.
Mr Hazzard said 12 Millers Point properties had been sold, generating $26.8 million and a further three properties were now on the market.
"The Government will sell 293 properties in Millers Point to help finance a more sustainable public housing system," he said.
The Minister said new housing funded by the proceeds was under way in Condell Park, Padstow, Warilla, Mount Warrigal, Chester Hill, Yagoona, Gymea, Kingswood, Casula, Beverly Hills and Miranda.
#savemillerspoint
RESOURCED: http://www.psnews.com.au/nsw/Page_NSWpsn4096.html
"The projected proceeds from the Millers Point property sales, expected to be about $500 million - will be re-invested into some 1,500 new social housing dwellings, allowing more people on the waiting list to be housed faster," Mr Hazzard said.
First homes built from proceeds
"Developments will occur in areas of identified need for more social housing." The initial phase will focus on Sydney's south-east and south-west and the Illawarra-Shoalhaven area and Nepean-Blue Mountains areas. Speaking during a site visit to Lurnea where 10 new two-bedroom dwellings for seniors are nearing completion, Mr Hazzard said the sales proceeds and savings in maintenance were vital to the supply of new and additional housing.
"Here at Lurnea and in another 11 suburbs, construction is under way on 99 new dwellings which include easily-maintainable one and two-bedroom units designed for singles and the elderly and three-bedroom homes for families," he said.
Mr Hazzard said 12 Millers Point properties had been sold, generating $26.8 million and a further three properties were now on the market.
"The Government will sell 293 properties in Millers Point to help finance a more sustainable public housing system," he said.
The Minister said new housing funded by the proceeds was under way in Condell Park, Padstow, Warilla, Mount Warrigal, Chester Hill, Yagoona, Gymea, Kingswood, Casula, Beverly Hills and Miranda.
#savemillerspoint
RESOURCED: http://www.psnews.com.au/nsw/Page_NSWpsn4096.html
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