INNOVATIVE
PARTNERSHIPS SEE INNER CITY HOUSING BOOM
The NSW Government has appointed a consortium including one of Australia’s leading community housing providers, Bridge Housing, and national infrastructure developer Capella Capital, to deliver the $230 million renewal of Elizabeth Street, Redfern.
Minister for Planning and Minister for Homes Anthony
Roberts said the development will see around 300 new homes built, including
over 100 social housing dwellings and a new 3,500 square metre community
facility.
“We’re transforming Sydney’s inner city to deliver
multiple benefits to the local community, including much-needed new housing
close to jobs, public transport and open space,” Mr Roberts said.
“Land and Housing Corporation (LAHC) is proud to be partnering with Bridge Housing and Capella Capital on this project, demonstrating the NSW Government’s commitment to working with the community housing sector to leverage private capital and expertise that delivers a diverse mix of housing and benefits for the Redfern-Waterloo community.”
The proposed development is located opposite Redfern
Oval, walking distance to multiple train stations, and will feature a modern design
and high-quality features, in line with the evolving look, feel and culture of
the local area.
Minister for Families and Communities, and Minister
for Disability Services, Natasha Maclaren-Jones said in addition to more than 100 social homes, the
project proposes a mix of housing including affordable homes, homes for key
workers, disability support units and private homes.
“The new social homes to be delivered at Redfern will
be used to accommodate local relocations from the planned renewal of the
Waterloo Estate, supporting greater connection to Country for Aboriginal
residents and the broader community,” Mrs Maclaren-Jones said.
Bridge Housing CEO, Rebecca Pinkstone, said they were
delighted to have been selected to bring the project to life as the project
developer in collaboration with Capella Capital.
“The development will become a blueprint for how the
community housing sector, working in partnership with government, institutional
investors, commercial lenders and the private sector, can deliver social and
affordable housing at scale,” Ms Pinkstone said.
“With
thirty years’ experience in the delivery of quality housing and services,
Bridge Housing is uniquely positioned to deliver affordable housing designed
for the local community. The development will provide a template for how
large-scale development can be undertaken to support a diverse and vibrant
city.”
Construction is expected to begin in 2025, and will
create over 700 jobs during the project, subject to planning approval.
For more information, please visit: www.dpie.nsw.gov.au/land-and-housing-corporation/greater-sydney/redfern
REDWatch Links:
Link to SMH Article: Hundreds
of apartments to transform empty block opposite Redfern Oval
Link to Response by Jenny Leong: Redevelopment of Elizabeth Street, Redfern will be a sell off of public land for private profit – Jenny Leong Response