Affordable Housing Requirement for Developments of 10 or More Units
Environmental Planning and Assessment Amendment (Affordable Housing Statutory Condition) Bill 2024
1st House
2nd House
Law
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
any new residential development involving 10 or more dwellings must allocate a portion of the units as affordable housing.
These units designated as affordable housing must remain affordable in perpetuity. This means that once units are classified as affordable, they cannot be sold or rented at market rates later on. They must stay within the affordability guidelines permanently
Developers cannot isolate affordable units in separate parts of the project. The affordable housing units must be integrated with the rest of the development to prevent social segregation and ensure a mixed community
The affordable units may be managed by community housing providers or other government-approved bodies.
The affordable units may be managed by community housing providers or other government-approved bodies (or they may not, as long as the property manager complies with the rules around assigning and managing designated affordable housing)