The NSW Government has appointed a consortium including one of Australia's leading community housing providers, Bridge Housing, and national infrastructure developer Capella Capital, to deliver the $230 million renewal of Elizabeth Street, Redfern.
Minister for Planning and Minister for Homes Anthony Roberts said the development will see around 300 new homes built, including over 100 social housing dwellings and a new 3,500 square metre community facility.
"We're transforming Sydney's inner city to deliver multiple benefits to the local community, including much-needed new housing close to jobs, public transport and open space," Mr Roberts said.
"Land and Housing Corporation (LAHC) is proud to be partnering with Bridge Housing and Capella Capital on this project, demonstrating the NSW Government's commitment to working with the community housing sector to leverage private capital and expertise that delivers a diverse mix of housing and benefits for the Redfern-Waterloo community."
The proposed development is located opposite Redfern Oval, walking distance to multiple train stations, and will feature a modern design and high-quality features, in line with the evolving look, feel and culture of the local area.
Minister for Families and Communities, and Minister for Disability Services, Natasha Maclaren-Jones said in addition to more than 100 social homes, the project proposes a mix of housing including affordable homes, homes for key workers, disability support units and private homes.
"The new social homes to be delivered at Redfern will be used to accommodate local relocations from the planned renewal of the Waterloo Estate, supporting greater connection to Country for Aboriginal residents and the broader community," Mrs Maclaren-Jones said.
Bridge Housing CEO, Rebecca Pinkstone, said they were delighted to have been selected to bring the project to life as the project developer in collaboration with Capella Capital.
"The development will become a blueprint for how the community housing sector, working in partnership with government, institutional investors, commercial lenders and the private sector, can deliver social and affordable housing at scale," Ms Pinkstone said.
"With thirty years' experience in the delivery of quality housing and services, Bridge Housing is uniquely positioned to deliver affordable housing designed for the local community. The development will provide a template for how large-scale development can be undertaken to support a diverse and vibrant city."
Construction is expected to begin in 2025, and will create over 700 jobs during the project, subject to planning approval.
You can get more information on the Land and Housing Corporation website.
