The ACT government will sell off $500 million of the territory’s existing public housing stock, or 700 dwellings, and demolish 300 further dwellings in order to fund the next stage of its public housing renewal program.
Housing Minister Yvette Berry will start to detail the specific measures on how it will implement its plans to redevelop 1000 more public housing dwellings in the Legislative Assembly on Tuesday.
While the government released the general outlines of its new public housing strategy late last year, the firm details of what would be sold, where, and how it would ensure replacement stock, have not yet been detailed.
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Source: The Canberra Times