Affordable & diverse housing fund

city of sydney

 

 

Affordable & diverse housing fund

The affordable and diverse housing fund aims to promote the development of affordable and diverse housing by community housing providers, not-for-profit and for-profit organisations in the City of Sydney’s local area.

The program aims to achieve:
-additional development of affordable and diverse rental housing
-greater range of affordable and diverse housing providers in the local area
-use of private finance to increase funding of affordable rental housing
-wider range of private financiers to fund affordable rental housing
-increased capacity for housing providers to develop medium and high density affordable rental housing
-increased stock of affordable and diverse housing managed by not-for-profit organisations
-reduced housing stress among residents with low to moderate income.

The fund is part of our commitment to overcome financial barriers to promote affordable and diverse housing development.
The City is aiming to provide 15% of total dwelling stock for affordable and diverse housing in the local area.

Funding is available up to $8.5 million and can be used for:
-acquiring land
-design and construction
-associated development costs.

Priority will be given to projects whose funding includes debt finance and preference will be given to applicants registered as tier 1, 2 or 3 under the national regulatory code for community housing providers.

The affordable and diverse housing fund is open all year for applications until funds are exhausted. All projects must be intended for completion within 3 years of funding approval.

For more information about this program or how to apply, please contact:
Grants team
02 9265 9333