In response to the strong need to increase the supply of affordable housing, the NSW Government has created new planning incentives through the State Environmental Planning Policy (SEPP).
The Affordable Rental Housing SEPP aims to increase the amount and diversity of housing types and make it easier and quicker for owners and developers to build affordable housing.
The SEPP encourages new partnerships between the private and community housing sector by offering density bonuses for the construction of new housing that incorporates a percentage of affordable rental housing.
These partnerships are also designed to allow developers to access the benefits of the National Rental Affordability Scheme (NRAS) and the Economic Stimulus package funding.
New construction which includes affordable housing is to be managed for a period of 10 years by a Registered Community Housing provider. After this period the owner/developer can sell the property/ies or rent them at market rent.
Metro Community Housing meets the criteria to access these incentives and invites partnerships with owners/developers wishing to be involved in the development of affordable housing.