CEFC made a AU$130 million finance commitment to community housing provider SGCH for the construction of 300 new energy efficient homes in Sydney. The New South Wales Government announced today that SGCH was awarded a contract to build 300 new dwellings under the first phase of the new Social and Affordable Housing Fund (SAHF). CEFC finance will enable SGCH to build all its SAHF homes to a higher energy efficiency standard, with the new homes built to an average 7-Star National Housing Energy Rating System (NatHERS) rating. This investment is part of CEFC’s Sustainable Cities Investment Program.
The SAHF is a key component of the NSW Future Directions for Social Housing in NSW strategy that will result in more social and affordable housing dwellings linked to tailored support, to help households gain independence. The AU$1.1 billion SAHF is aiming to ultimately deliver 2,200 new social and affordable homes across metropolitan and regional NSW, working alongside non-government housing providers.