NSW Budget ‘historic investment in social housing’

20 Jun 2024

The NSW Budget included a record $5.1 Billion Social Housing and Homelessness Investment as Part of Building Homes for NSW Program. This will provide 8,400 new social housing dwellings.

Over the next four years, the NSW Government has committed to delivering up to 30,000 well-located homes, close to infrastructure and transport, with amenities and work opportunities, with surplus land to be made available for housing.

The Government will prioritise over 50% of new homes built for women and children fleeing family and domestic violence.

An additional $1.0 billion will be invested in 33,500 homes for critical maintenance to bring homes back online and prevent disrepair.

$527.6 million is available for emergency housing and homelessness support services, supporting vulnerable people in crisis transition into stable housing.

The budget also included $650.1 million to build essential worker housing (400 homes), such as Build-to-Rent programs and key health worker accommodation in rural and regional areas (500 homes).

Read the full Media Release here.