NSW transfers 14,000 homes to community housing providers

NSW has transferred nearly 14,000 social housing dwellings to community housing providers, boosting the growing sector of professional management by not-for-profit organisations.

Minister for Social Housing Pru Goward on Tuesday said the transfer of management contracts of the public housing dwellings to organisations including Hume Community Housing Association, Compass Housing Services and Homes North Community Housing Company would boost the total number of properties managed by community housing providers to more than 40,000 and raise the proportion from 19 per cent to 32 per cent of government housing.

But at a time when research body Ahuri estimates NSW has 373,000 households – out of 1.3 million nationally – currently unable to afford housing without financial help and that the number will rise to 678,000 by 2025, the transfer arrangement effectively prevents the community housing providers from borrowing against the rental revenue they gain to develop more housing.

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