It’s open to anyone with new ideas for housing: property professionals, financiers, lawyers, community organisers, policy managers, planners, designers and students.
An expert jury will consider all entries and then six entrants will receive $20,000 each to develop their concepts.
Creative tenancy arrangements such as shared or co-operative living and new funding or delivery models are encouraged.
Less than 1 per cent of houses and apartments built in Sydney during the last eight years are classed as affordable – the City of Sydney defines this as high-quality rental housing for low-income workers provided, in perpetuity, at 30 per cent or less of a household’s gross income.
The challenge opens on Tuesday 26 March and closes Wednesday 8 May 2019.
To sign on for updates, go to: https://www.cityofsydney.nsw.gov.au/vision/planning-for-2050/alternative-housing
Photo: Affordable housing in Portman Street, Zetland, built by City West Housing with City of Sydney support