Communities Plus to pilot new housing delivery model
On 6 July 2018, the NSW Minister for Social Housing, the Hon. Pru Goward MP, announced an innovative strategy for Communities Plus, with the introduction of a Build-to-Rent model to be used for 600 Elizabeth St, Redfern to deliver more social, affordable and private housing.
Under Build-to-Rent, proponents enter a long term lease and collect rental income for the duration in return for building and managing the dwellings on the site. The NSW Government retains ownership of all land and dwellings, which will be returned to the NSW community after the lease expires.
The site is well situated for future residents; with easy access to the new Waterloo metro and Redfern train station, local employment, education and support services, as well as retail outlets.
The site opposite Redfern Oval, has been nominated as a State Significant Precinct. The site is currently vacant of housing with a PCYC facility on the corner of Elizabeth and Phillip Streets. The NSW Government is working with the PCYC to include a new facility in the redevelopment.
Request for Proposal
Following a successful Expression of Interest phase, the NSW Government announced a shortlist of three consortia who will be invited to submit a Request for Proposal for Redfern:
• John Laing-led consortium including Compass Housing Services
• Frasers Property and Hume Community Housing Association
• Capella Capital, Lendlease Building and Evolve Housing.
The successful partner to deliver the first mixed Build-to-Rent project is expected to be announced in late 2019.
Call: 1800 436 635