The locations of hundreds of new social housing units funded by the $150 million sale of the Sirius Building in The Rocks have been revealed for the first time.
Minster for Water, Property and Housing Melinda Pavey said social housing in 19 regional and suburban areas would benefit from today’s development approval.
“The proceeds of the sale of the Sirius Building have funded the construction of over 330 new social housing dwellings throughout NSW,” Mrs Pavey said.
“A total of $150 million is being injected directly into modern social housing for around 630 people, who are some of the most vulnerable in our community.
“More than 38 homes have already been built, with another 300 on the way, addressing the social housing gap in regions such as Dubbo, Wagga Wagga and Gosford.”
Minister for Planning and Public Spaces Rob Stokes said the approval of the refurbishment and restoration of the Sirius Building would also create hundreds of jobs and better public spaces in The Rocks.
“Construction on the multi-million-dollar revamp will create 200 construction and 20 operational jobs,” Mr Stokes said
“It will also establish a new public forecourt to provide enhanced community access between Cumberland Street and Gloucester Walk, add new street lighting to improve safety and plant more than 75 new trees which will add to the beauty of The Rocks. “Sirius was built in the 1970s to provide 79 apartments for public housing tenants displaced from the Rocks. The sale of these old apartments will fund the construction of more than 330 new homes for public housing tenants right across NSW.”