NSW cost of living budget leaves out housing costs for renters

Additional funding to support Aboriginal housing and people who are homeless is good news but the NSW Budget does not include new investment in more social and affordable housing for
NSW renters in housing stress, the state’s peak not-for-profit housing body said today.

The Budget announced today includes an additional $61 million over four years for homelessness programs, and $33.1 million over four years to support Aboriginal housing.

However, CHIA NSW CEO, Wendy Hayhurst, said the NSW Government had missed the opportunity to reinvest the $18.25 billion it has reaped in stamp duty windfalls since 2011 in providing the 12,500 social and affordable homes NSW will need each year to keep up with population growth.

‘Homelessness support services aren’t effective if people don’t also have secure permanent homes to go to,’ Ms Hayhurst said.

‘And extra funding for childcare, education and health will only go so far if children don’t have a safe, secure home to go to at the end of the day, or people leaving hospital can’t recover safely
at home.

 

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Source: Community Housing Industry Association