Please note: this is an archived news article release.
This article was published on 3 July 2012. The information contained within may be out of date or inaccurate. News articles and media releases older than 60 days are archived for future reference.
$5.4m grant opens up new housing in Mooroopna
Greater Shepparton City Council announced today that a $5.4 million grant from the Federal Government will allow new housing to be developed in the Mooroopna West Growth Corridor.
"Greater Shepparton is growing, and with that comes pressure on housing availability. We know that housing costs are an ongoing pressure point for ordinary families. Providing more land for residential development will alleviate some of these market pressures," said Mayor of Greater Shepparton City Council, Cr Michael Polan.
"This funding, delivered through the Commonwealth Government's Building Better Regional Cities program, will allow us to start work on flood mitigation infrastructure in Mooroopna," Cr Polan said after the announcement. "This means that new residential land can be developed, something that hasn't happened in Mooroopna for nearly two years."
"These grants are to communities that are experiencing positive jobs and population growth," he said. "This is another good news story about the confidence that is being shown in Greater Shepparton's potential as an attractive regional hub for families and businesses."
The flood works must be undertaken before any residential development can take place. The works will increase the efficiency of the existing floodway and create additional stormwater capacity within the surrounding area.
The estimated cost of the flood mitigation works is $7,432,396, with $2 million of this funded through Council's Local Government Infrastructure Program allocation from the State Government.
"This funding will help bring forward development in the Mooroopna West Growth Corridor, which may have otherwise been some years off," Cr Polan said. "It's an all round win for Council, for the developers, but most of all for people in Greater Shepparton looking to buy a home."
As part of the funding agreement, a number of land lots will be made available for housing for low and moderate income earners.
The Building Better Regional Cities (BBRC) Program is a $100 million funding commitment by the Australian Government to invest in local infrastructure projects that support new housing developments in regional cities. The awarding of funding under the Building Better Regional Cities Program is based on a highly competitive selection process. The investment in regional centres is also expected to relive the population growth pressure on major capital cities.
- Released 3 July