AHC to receive Federal Affordable Housing Support

114 more affordable rental homes in Redfern

Tanya Plibersek, Federal Member for Sydney, met
with the Aboriginal Housing Company today following their successful
application under the Gillard Governments National Rental Affordability Scheme
(NRAS)

Residents in Redfern will have access to more
affordable rental accommodation after the announcement of NRAS round four
funding which will deliver over 200 projects to build more than 17,000
properties for low to moderate income households to rent below market rate.

“Three projects in Redfem will deliver 114
new affordable rental properties, including 62 in the Pemulwuy Project
alone,” Tanya Plibersek said.

In addition to the 62 new dwellings in the
Pemulwuy Project, Ms Plibersek announced successful applications for 52 new
affordable studio apartments for rent in Redfern.

“These dwellings are some of many
developments across the nation that will help to play a part in addressing
housing affordability under NRAS

“I am very pleased to welcome this investment in
the Pemulwuy Project through the Labor Government’s NRAS.”

The National Rental Affordability Scheme is
about increasing supply of new affordable rental housing, reducing rental costs
for low and moderate income households and encouraging investment and
innovative affordable housing.

It also provides a welcome boost to the
domestic construction industry where conditions remain soft due to the
lingering impacts of the Global Financial Crisis.

We provided support to domestic construction
when the worst of the Global Financial crisis hit and initiatives like NRAS,
continue to provide an ongoing pipeline of work for the sector” said Ms
Plibersek.

NRAS offers financial incentives to the
business sector and community organisations to build and rent homes to low and
moderate income households.

The Gillard Government has committed to support
50,000 NRAS properties. with up to 35,000 dwellings across the country by 30
June 2014, and the remaining 15,000 by 30 June 2016.

Other successful applications under NRAS round
four in the Sydney electorate include:

  • 828
    dwellings in the Frasers Property site on Broadway in Chippendale:
  • 83
    dwellings in Glebe and Zetland through City West Housing.

Source: The Hon.
Tanya Plibersek MP Federal Member for Sydney Media Release 20 October 2011