More "social and affordable housing" is coming to Liverpool.
A $23.5 million housing renewal project at Anderson Avenue and Alamein Avenue will see the creation of 15 social homes and 48 affordable homes by community-housing provider, BlueCHP.
The project is the product of the federal and state governments looking to deliver innovative affordable-housing solutions in south-west Sydney.
BlueCHP was aided by the National Housing Finance and Investment Corporation's Affordable Housing Bond Aggregator, which is helping community housing providers access low cost finance.
"To date NHFIC has approved almost $1.6 billion in loans supporting the delivery of more than 2200 new and 6300 existing homes built and maintained by community housing providers," Minister for Housing and Assistant Treasurer Michael Sukkar said.
"By providing cheaper and longer-term finance for community housing providers, over $190 million in interest payments have been saved that can now be reinvested into more homes and services for community housing residents.
"BlueCHP's Liverpool project is a great example of the Commonwealth helping state governments get on with their job of building more social and affordable housing."
NSW Minister for Water, Property and Housing, Melinda Pavey said through the NSW Land and Housing Corporation, the state government is working BlueCHP to build "more and better social housing" that is delivering "multiple benefits for this community" in western Sydney.
"These partnerships will not only benefit the people who live in these new homes, but also the families and people backed by the estimated 118 jobs created during construction," she said.
Construction on the project, which will feature a modern and attractive architectural design and is located within walking distance of the Liverpool Parramatta Transitway, is expected to start in early 2021 following the support of Liverpool Council and approval from the Sydney Western City Planning Panel.
BlueCHP Senior Development Manager Glenn Amanonce said they were excited to be partnering with LAHC to bring more affordable housing to the people of south-west Sydney.
As part of the state budget, almost $900 million was invested to build and accelerate thousands of new homes and create up to 3000 jobs as part of the government's stimulus and COVID recovery plan. The Fast-Track Package will deliver almost 1300 new social homes across the state.