The NSW government has committed $3.8m towards fast-tracking thousands of regional homes, as part of the latest round of funding from the Regional Housing Strategic Planning Fund (RHSPF).
Twenty regional councils across NSW will be recipients of the fund, including Newcastle, the Central West, Riverina, Murray and Northern Rivers.
According to the state government, this funding will help to bring an estimated 62,000 dwellings closer to completion across the state.
With an investment of $3.8m, the state government is spending just $61.30 per planned home.
In one of the biggest projects of this round of funding, 20,000 new homes are planned to be delivered in Newcastle over the course 30 years. Picture: Getty Images
Councils have co-contributed a total of $1.1m across the projects, bringing the total investment in regional housing to $4.9m, a RHSPF release revealed.
Among these projects are plans for the acceleration of 20,000 new homes in the City of Newcastle, for which a $250,000 grant was provided.
The project plans to “enhance streetscapes”, streamline rezoning and accelerate the housing deliver of said homes for 40,000 people over 30 years, according to council.
Elsewhere, grants have been provided for housing delivery in Albury, Port Macquarie, Shellharbour, Narromine and Parkes Shire.
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Minister for planning and public spaces Paul Scully said the state government wants to deliver “more homes, sooner”. Picture: NewsWire/Bianca De Marchi
Port Macquarie-Hastings will get a boost of up to 1,050 dwellings. Picture: iStock
Minister for planning and public spaces Paul Scully said the state government were backing regional communities with the planning they need to “deliver more homes, sooner”.
“This investment is about making sure councils have the tools to unlock land, co-ordinate infrastructure and support growing communities,” he said.
The Minns Labor Government has spent $20.3m on regional housing through four rounds of the RHSPF program.
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