Six year leases guaranteed for private-public homes in Katherine

THE NT Government has released more details on its bid to increase public housing in Katherine and around the Territory by leasing private homes.

Visiting a building site yesterday, Housing Minister Gerry McCarthy has urged the construction and property development sector to put forward proposals to provide residential houses for use as social housing.

A meeting will be held in Katherine on Thursday, August 10 at 1pm in the conference room of the NT Government Centre in First Street to discuss the scheme.

Mr McCarthy said the government was guaranteeing six year leases to provide financial security for property developers to get construction underway, which will create jobs for Territorians.

He said the initiative will work and was underpinned by a similar previous NT Government housing scheme.

“The Territory Labor Government was elected on the promise of creating jobs which is why this lease announcement is so positive – it will drive innovation and future economic opportunities,” Mr McCarthy said.

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