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Millers Point sales funds new homes for older people

Last published on 22 Jul 2016 in Media releases / Archive

Older people living in social housing will benefit from a $30 million investment boost funded by the sales proceeds from Millers Point

Older people living in social housing will benefit from a $30 million investment boost funded by the sales proceeds from Millers Point.

At the official opening of new homes in Casula and Lurnea, Minister for Ageing and Acting Minister for Social Housing John Ajaka today announced the Millers Point sales had allowed more than 100 new homes for older people to be built across western Sydney.

“The difference that the Millers Point property program is making is simple – more and better social housing for people who need it most,” Mr Ajaka said.

“We’re seeing a huge uplift in social housing for older people in Western Sydney, including Casula, Lurnea, Greenacre, Birrong and Seven Hills.

“Importantly, all of the homes have been designed to be accessible to older people. This includes things like hand-rails where needed and modified bathrooms.”

More than 600 new homes have been built or are currently under construction thanks to Millers Point property sales, with about 58 per cent of those supporting seniors.

“We have over 59,000 vulnerable people on the social housing waiting list, but every sale in Millers Point means on average five new properties can be built in western Sydney,” Mr Ajaka added.

The Millers Point sales will generate an estimated $500 million dollars for investment into 1,500 new social housing properties across NSW. New social housing has been built in more than 20 suburbs around Sydney, including Bankstown, Canley Heights, Chester Hill, Condell Park, Padstow, Penrith, Sadlier, Smithfield, and Yagoona.

New social housing funded by Millers Point as of June 2016

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