The NSW Government is calling on councils to apply for a share of a further $20 million in funding to support local government infrastructure projects that speed up housing delivery across NSW.

The Government Low Cost Loan Initiative gives councils a 50% refund of interest payments on loans for infrastructure projects which enable housing supply.

Funding from the first round of the program will deliver more than 15,000 new homes across regional NSW.

Round two is now open to continue helping local councils ensure the delivery of homes in the right areas-close to jobs, open space, public transport and essential infrastructure.

The Low Cost Initiative is a joint venture of the Department of Planning and Environment, the Office of Local Government and NSW Treasury Corporation.

Councils have until 16 May 2019 to submit their applications.

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