The NSW Government will provide a $5 million boost to deliver an additional 10 dwellings for the South Coast Build to Rent project, helping to increase housing supply and deliver more rental housing.
The NSW Government will provide a $5 million boost to deliver an additional 10 dwellings for the South Coast Build to Rent project, helping to increase housing supply and deliver more rental housing.
The additional $5 million in funding increases the NSW Government’s investment in the project to $35 million – delivering a total of 60 dwellings.
As part of Landcom’s design and planning for the Bomaderry site, it became evident additional dwellings could be delivered for a small increase in funding. The additional funding will allow delivery of new architecturally designed homes for approximately 130 people.
Work is underway to finalise the design and planning in preparation for the lodgement of the development application. Subject to approvals, construction is expected to begin in 2025 with residents to move in 2026.
Landcom will be holding a community engagement session on 29 February 2024 at Bomaderry Bowling Club between 5pm and 7.30pm. The session is an opportunity for locals to hear from the project team, receive details on the project and share their thoughts.
For more information about the project, visit Landcom.
Minister for Planning and Public Spaces Paul Scully said:
“We’re working on building as many houses and units as possible to alleviate housing shortages and make renting an option for people in regional NSW.
“The truth is we don’t have enough well-located, well-designed or well-built homes for people in NSW, which is why we’re making investments in Build to Rent and getting Landcom on the job.
“The additional $5 million will see Landcom deliver 10 more well located, architecturally designed homes for people on the South Coast which are desperately needed.”
Member for Gilmore Fiona Phillips said:
“All levels of Government are committed to tackling the housing crisis and this is a welcome investment from the NSW Government that will have a meaningful impact in our community.
“This is a great example of a simple, sensible change that will deliver significant improvements to the lives of those doing it tough on the South Coast, and I’m pleased to see Landcom and the NSW Government putting these projects first.
“I am hearing from too many local people who cannot find a place to rent and this small but important investment will mean even more affordable homes for the people of the South Coast.”
Member for South Coast Liza Butler said:
“The injection of additional funds for another 10 homes is welcome news and will be of great benefit to many families in the area.
“Long term, secure rental housing is important now, more than ever. This $5 million in funding will allow Landcom to deliver even more for the community and I am proud to be part of the Minns Labor Government that is taking action to address the housing crisis in NSW.”
Landcom CEO Alex Wendler said:
“We are delivering an outstanding development, backed by responsible investment of government money, to boost housing supply, and tackle the housing crisis head on.
“Community feedback will be a critical component of the project and I encourage locals to attend the engagement session so we can share our vision and hear your thoughts about the development.”