NSW's $22bn housing plan sparks interest from private sector
The $22 billion Communities Plus redevelopment project at Ivanhoe Estate in New South Wales has caught the interest of some of the country’s biggest construction firms as well as the Community Housing Providers (CHPs) according to Minister for Social Housing Brad Hazzard.
“The three shortlisted organisations represent the top echelon of the private development sector and strong Community Housing Providers.
"This is an extremely positive response to the Communities Plus program and shows how Government, the private sector and CHP can be innovate and band together to deliver more housing and better social outcomes,” said Minister Brad Hazzard
The three shortlisted groups for this project are:
- Exemplar Living (owned by Lendlease) with St George Community Housing and Capella Capital
- Frasers Property with Mission Australia Housing and Citta Property Group
- Stockland with Evolve Housing and Brookfield Multiplex Constructions
Source: Communities Plus
The Communities Plus projects aims to boost social housing at Ivanhoe by increasing the number of social housing dwellings – doubling the existing 259. 556 new social housing dwellings, at least 128 new affordable housing dwellings, and about 1,900 private dwellings will be constructed on the eight hectare site at Ivanhoe.
A second Communities Plus Neighbourhood Renewal package is also in the works and the NSW Government will be presenting the package through an Expression of Interest to Community Housing Providers as well as to small to medium sized private developers. An estimated 790 new private as well as social and affordable housing will be delivered on ten sites.
“These ten sites will provide a 300% increase from the current number of social housing dwellings and give residents modern new homes,” said Minister Brad Hazzard
The ten sites for the Neighbourhood Renewal Release 2 includes the following locations:
- Corrimal
- Wagga Wagga
- St Marys
- Padstow
- Liverpool
- Two sites at Granville
- Warwick Farm
- Parramatta North
- Lane Cove
Interested in submitting an EOI for Neighbourhood Renewal Release 2? Submit your application here.
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