The Low Cost Loans Initiative (LCLI) will support local councils to borrow up to $500 million for infrastructure that enables new housing supply by halving the cost of interest on their loans. This will allow councils to bring forward delivery of planned infrastructure in new housing areas.
The LCLI is one of the measures identified to achieve the Premier’s Priority on housing affordability. Housing affordability is a key priority for the NSW Government and, in 2017, the Premier released a Housing Affordability Strategy – A Fair Go for First Home Buyers which outlined a comprehensive package of measures designed to improve housing affordability across NSW.
The key aim of the LCLI is to enable new housing supply. The essential elements are:
Page last updated: 05/10/2018