Renewal SA

In reply to the Hon. S.C. MULLIGHAN (Lee) (28 July 2021). (Estimates Committee B)

The Hon. R.I. LUCAS (Treasurer): I have been advised the following:

1. The total cost of the project is $8.179 million.

2. Payment to Renewal SA will be on a cost recovery basis for staff who have capability in urban renewal planning and delivery. Renewal SA is engaged by the SA Housing Authority as its development manager. The exact value of the fee is yet to be determined. It will form part of the project costs.

3. SA Housing Authority has advised that the surplus will be used to support a range of social housing initiatives to support the delivery of the Our Housing Future Strategy 2020-2030.

4. There will be 35 social housing properties demolished and 16 new social housing outcomes delivered. A further 43 housing outcomes will be created for sale to eligible affordable housing purchasers, plus 42 housing outcomes for the open market.

This equates to more than half of the housing outcomes dedicated to public housing tenants and eligible affordable housing purchasers.