08 May 2015
The NSW Minster for Social Housing, Brad Hazzard, has announced a $4 million grant to support the relocation of tenants and the preservation of a housing co-operative, The Compound. Funding will also go towards the development of 13 new social housing dwellings in south-west Sydney.
Welcoming the government funding, Robyn Cahoun, CEO of Common Equity said “…we see the NSW state government grant for re-location as being a new and positive opportunity for the housing co-operative and its long-standing community.” Common Equity NSW will be supplying at least $4 million in funds, in combination with the newly announced government grant, to support the relocation of The Compound tenants and the south-west Sydney project.
Melina Morrison, CEO of the BCCM, also welcomed the funding by NSW government and stated that “co-operatives can play an even greater role in supporting state governments across the country to provide social housing to local communities.” Common Equity NSW, a BCCM member, is a tier two community housing provider that offers social and affordable housing in Sydney and regional NSW through the operation of housing co-operatives.