Thursday, August 25, 2016

Brad Hazzard media release: Ivanhoe Estate + new Communities Plus sites

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Thursday, 25 August 2016

HOUSING PROJECT DELIVERS STRONG INTEREST

The first Communities Plus renewal project at Ivanhoe (Macquarie Park) has sparked strong interest from the private sector development industry and Community Housing Providers (CHPs), said Minister for Social Housing, Brad Hazzard.

“The three shortlisted organisations represent the top echelon of the private development sector and strong Community Housing Providers,” Mr Hazzard said.

“This is an extremely positive response to the Communities Plus program and shows how Government, the private sector and CHPs can be innovative and band together to deliver more housing and better social outcomes.”

The shortlisted groups are: Exemplar Living (Lend Lease) with St George Community Housing and Capella Capital; Frasers Property with Mission Australian Housing and Citta Property Group; and Stockland with Evolve Housing and Brookfield Multiplex Constructions.

The renewal project at Ivanhoe will boost social housing, more than doubling the current 259 social housing dwellings. The project will see 556 new social housing dwellings, at least 128 new affordable housing dwellings and some 1900 private dwellings on the eight hectare site.

The NSW Government has also announced that the second Communities Plus Neighbourhood Renewal package will be offered through an Expression of Interest to Community Housing Providers and small to medium sized private developers. These ten sites will deliver an estimated 790 new private, social and affordable homes into the high demand NSW housing market.

“These ten sites will provide a 300% increase from the current number of social housing dwellings and give residents modern new homes,” Mr Hazzard said.

Neighbourhood Renewal Release 2 involves sites in Corrimal, Wagga Wagga, St Marys, Padstow, Liverpool, South Granville (two sites), Warwick Farm, Parramatta North and Lane Cove.

Communities Plus is a $22 billion redevelopment of NSW Government owned social housing estates to deliver 23,000 new social housing dwellings and 40,500 private and affordable homes in integrated communities with better community outcomes.

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