50 NEW RENTAL PROPERTIES FOR SMITHFIELDPosted September 27, 2011
Middle to low income earners looking for affordable rental accommodation are set to benefit from the opening of a housing project supported by the Australian Government.
Member for McMahon, Chris Bowen, welcomed the opening of the project delivered under the Government’s National Rental Affordability Scheme (NRAS).
“The Gillard Government understands that the cost of renting a home is a real pressure for many families,” Mr Bowen said.
“That’s why we are investing in addressing housing affordability to increase the supply of affordable rental properties for Australian families.
“These dwellings are one of many developments across the nation that will help to play a part in addressing housing affordability under NRAS.
“The housing development boasts 50 dwellings which are located close to services and amenities.
Mr Bowen said the National Rental Affordability Scheme was an excellent example of governments at all levels working with the community to improve affordability in the rental sector.
“This scheme is an initiative of the Gillard Government to invest in affordable, privately-owned rental housing,” Mr Bowen said.
“In New South Wales alone, 3,217 affordable rental homes have been approved for development under the Scheme. 334 of these are located in the local area,” Mr Bowen said.
The Ecclesia Housing project is one of many developments across the nation that will help to play a part in addressing housing affordability, specifically catering for older households. The New South Wales Government also contributed NRAS funding to the project
The National Rental Affordability Scheme complements other Australian Government initiatives to improve the community’s access to affordable housing, such as the $450 million Housing Affordability Fund and the $100 million Building Better Regional Cities program to improve the community’s access to affordable housing.
Add A Comment