This article is from the Australian Property Journal archive
NEARLY 750 new homes have been approved for construction at Arncliffe, in the $253 million redevelopment between the NSW Government, private developer Billbergia Group and not-for-profit Evolve Housing.
The Arncliffe project, which sits around 11km south of the Sydney CBD, is set to bring a significant housing boost, with 564 private dwelling and 180 social homes.
“This is what can be achieved when we collaborate with the private and not-for-profit sectors. At no cost to the taxpayer, we’ll deliver both an increase to the supply of new social and private housing,” said Simon Newport, incoming chief executive at NSW land and Housing Corporation.
In addition, the new housing community will be supported by new local infrastructure, retail shops, community facilities and open space.
“Projects like these demonstrate how government and private sectors can work together to deliver social housing by taking a true long-term community view,” said John Kinsella, managing director at Billbergia Group.
This is the third project to be delivered in a partnership between the NSW Land and Housing Corporation and Billbergia Group.
“We’re looking forward to transforming the dated social housing into a thriving new community which blends private and social housing into a vibrant precinct containing over 4,000 sqm of parklands and open space,” added Kinsella.
Newport also noted that many of the existing social housing units marked for demolition and redevelopment were used as emergency housing during the peaks of the COVID-19 pandemic.
“For a short-term investment in updating and refreshing each property back in 2020, we were able to provide short-term accommodation to assist the new tenants towards positive outcomes, including suitable new housing,” said Newport.
“Instead of the units sitting vacant while waiting for lockdowns to end, we were able to give almost 140 households on the social housing waitlist a leg-up towards permanent housing.”
