Local Infrastructure Growth Scheme subsidies will be
wound down.
As part of the NSW Government's affordable housing reforms
announced during the recent budget, the NSW Government is proposing
to change the existing infrastructure funding scheme.
The purpose of the reform is to ensure that developers make a
fair contribution towards the costs of establishing
infrastructure.
Currently, the Local Infrastructure Growth Scheme
(LIGS) is used to cover the financial gap between
the maximum contribution that councils can charge developers and
the actual cost to deliver the infrastructure.
As part of the proposed reforms, the NSW Government will:
- continue to provide LIGS subsidies to certain areas for the
next three years, after which the LIGS scheme will end;
