The NSW Land and Housing Corporation (LAHC) owns and manages land, buildings and other assets within the social housing portfolio which comprises some 145,000 dwellings valued at approximately $34 billion. A statutory body, LAHC is under the portfolio and direction of the Minister for Family and Community Services, following the recent administrative order that transferred the management of LAHC to the Director-General of the Department of Family and Community Services (FACS). Prior to 2 August 2013, LAHC was under the portfolio and direction of the Minister for Finance and Services. This report, for financial year ended 30 June 2013, therefore aligns with Department of Finance and Services (DFS) reporting framework.