NSW to receive more than half a billion worth of affordable housing by 2020

More than half a billion worth of affordable and social housing will be built in NSW by the non-for-profit sector over the next three years, with the inner west and Canterbury-Bankstown the greatest beneficiaries.

While experts say having more than 1400 homes in the construction pipeline is a positive, it remains little more than a “drop in the ocean” when it comes to Sydney’s housing woes.

Since 2012, almost 1300 properties have been built or acquired by the state’s 18 largest community housing providers (CHPs), which are set to buy or build an extra 1404 homes by 2020, the NSW Community Housing Industry Snapshot released on Monday shows.

Canterbury-Bankstown and the inner west will see the biggest boost of social and affordable housing, followed by Penrith, where rental applications are currently flowing in for the newest project, Harts Landing – a 268-apartment development set to open next month.

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