A North Strathfield development has become the first to deliver homes using the extra height and floor space offered under the Minns Labor Government's infill affordable housing bonus.
The project delivered 29 affordable homes and 143 market homes, making the most of the policy to put roofs over the heads of families, essential workers and others in need of housing.
The Minns Labor Government's infill affordable housing bonus allowed the project to build 41 extra homes with an additional 25 affordable homes. The original scope was 131 apartments with 4 affordable homes but the bonus allowed for 172 homes with 29 affordable homes.
Developments like this one from Urban Property Group which marry market and affordable homes are crucial to our state's housing future, delivering homes in places that people want to live and work.
The Infill Affordable Housing bonus is a key part of the Minns Labor Government's new housing reforms and offers height and floor space bonuses of up to 30% for residential developments when at least 10-15% of their total gross floor area is offered as affordable housing.
The reform is aimed at delivering more affordable housing where it is needed and this project is evidence of the reforms are driving real outcomes which will improve housing supply right across NSW.
The schemes' state significant development pathway has now attracted proposals for more than 9,200 market and affordable homes, in addition to almost 4,000 which have already been approved.
This is part of the Minns Labor Government's plan to build a better NSW with a greater choice of homes, so young people, families and workers have somewhere to live in the communities they choose.
For more information visit the In-fill affordable housing web page.
Premier of NSW Chris Minns said:
"This is a major milestone but it's also only the beginning of our housing policies and reforms delivering tangible outcomes for the people of NSW.
"We've made affordable housing a priority, so people on low and moderate incomes have a chance of living in all parts of our cities.
"For too long planning reform has been put in the too hard basket, but we're committed to delivering more homes for young people and families that have been locked out of housing."
Minister for Planning and Public Spaces Paul Scully said:
"This is a clear example of how smart planning incentives can drive real results.
"Today 172 homes have been delivered in North Strathfield as a direct result of the Minns Labor Governments infill affordable housing bonus.
"We're a government focused on outcomes and getting 172 new keys in new doors is a demonstration of our reforms delivering real results."
Minister for Housing Rose Jackson said:
"This is our housing reform in action. More affordable homes, delivered now. That's the difference a Labor government serious about tackling the housing crisis makes.
"We've made it clear...If you want to build more affordable homes, this Government will back you. These are our reforms doing exactly what we said they would.
"We are delivering the biggest housing reforms in a generation, building the homes NSW needs for the people who need them. These aren't just numbers. They're roofs over heads, they're security and they're hope. That's what these reforms are all about."
Minister for Building Anoulack Chanthivong said:
"This project is tangible example of the Minns Labor government enabling private industry to deliver more homes for the people of NSW.
"We cannot meet housing demands without working to enable private industry which is why initiatives like the affordable housing bonus are so crucial to getting keys in doors."
