The Australian Government is investing $1.9 billion as part of its Nation Building Economic Stimulus Plan (NBESP), to deliver over 6,300 social housing homes throughout NSW by June 2012.
This, in turn, will support an estimated 7,200 full-time jobs each year, over the next two years.
The program has been rolled out into two stages.
Stage 1 has used stimulus funding to fast track more than $226 million of pre-approved social housing developments throughout NSW.
This stage of the program was completed in May 2010 with 752 new homes delivered throughout the state.
Stage 2 is currently providing more than $1.5 billion worth of new social housing projects over the next two years throughout NSW.
The Australian Government has also allocated $130 million for the maintenance and upgrade of 31,000 social housing homes in NSW.