New South Wales Labor to Address Affordability Crisis With $30 Million Build-to-Rent Scheme

Started by Epoch-Times-Bot, Jan 11, 2023, 04:45 PM

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Jan 11, 2023, 04:45 PM
New South Wales Labor to Address Affordability Crisis With $30 Million Build-to-Rent Scheme

New South Wales (NSW) Labor has promised to deliver a $30 million (US$21 million) build-to-rent pilot scheme to increase the supply of rental homes to tackle the growing affordability crisis ahead of the next state election.
"Teachers, doctors, and tradies are forced to live in cars in the regions because they can't find rentals," NSW Labor leader Chris Minns said on social media. "This is a crisis—and we're going to act."
"Boosting supply and delivering more affordable rental housing in the regions."
The pilot program would build "urgently needed" rental homes on the South Coast.
Properties would be built on government land by Landcom, the state-owned land and property development organisation, and Labor said they would be obligated to keep at least 30 percent of residences as affordable or social housing....

Source: New South Wales Labor to Address Affordability Crisis With $30 Million Build-to-Rent Scheme

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