Councils in New South Wales are urging the government to ensure that affordable housing remains available for low to moderate-income individuals on a long-term or permanent basis. The proposed reforms would allow affordable homes to revert to market rates after 15 years, which the councils argue is inadequate given the housing crisis. Premier Chris Minns' plan to provide bonuses to developers for including affordable housing in their projects has also been criticized.
Councils have pounced on plans to boost the supply of affordable housing but want the Minns government to ensure cheaper homes are provided forever, rather than reverting to developers after 15 years.
Tasked with fixing the state’s housing crisis, Premier Chris Minns in June revealed plans to hand property developers height and floor space bonuses for projects containing affordable housing. Local Government NSW recommended the government “present and provide economic viability modelling of all potential options”.
Councils Affordable Housing NSW Government Developers Reforms Low-Income Moderate-Income Housing Crisis Bonuses
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