THE St Vincent de Paul Society NSW has commended the Baird government for committing $1 billion to starting an affordable housing growth fund, if it is returned to power.
The funding announcement came a day after demonstrators set up a mock share-house on the steps of parliament and asked to "move in" with Premier Mike Baird, to protest unaffordable property prices.
"We have always said that investment in social housing should be seen as a form of infrastructure investment, so it is a great outcome to see an innovative plan which will increase and revitalise our stock of social and affordable housing," St Vincent chief executive Michael Perusco said.
Social services body NCOSS and infrastructure group IPA have signed a memorandum of understanding to oversee the fund with the government.
"This agreement marks a true collaboration - we are bringing together NCOSS's commitment to working for those most in need, with IPA's know-how on delivering infrastructure for the future," Mr Baird said.
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