The State Government is set to invest $10 million in development projects across regional South Australia which have the potential to deliver more than 400 future housing outcomes.
The $10 million Regional Housing Initiatives Program will support the delivery of 12 different housing projects to create development ready land, houses or short stay accommodation for key workers.
The aim of the program is to identify residential projects that deliver the greatest strategic value for the state but could benefit from targeted assistance from the State Government to get started.
Subject to final agreements with each of the preferred parties, the priority regional housing projects will be located:
- Eyre Peninsula – 5 x projects
- Limestone Coast – 2 x projects
- Far North – 2 x projects
- Mid North and Yorke Peninsula – 2 x projects
- Riverland – 1 x project
If all recommended projects are implemented in full, the Regional Housing Initiatives Program will target the delivery of:
- 229 new residential allotments
- 87 new houses
- 90 short-stay rooms
There was strong interest in the $10 million Regional Housing Initiatives Program with 30 submissions received from regional councils, developers and housing providers.
The recent State Budget included another $20 million for more regional housing projects to come over the next 2 to 3 financial years.
Further information with specific project details will be released once commercial terms have been finalised with preferred parties.