More than 40 new homes have been delivered for St Marys following the completion of a $16.9 million social housing development, supporting 84 much-needed jobs during the pandemic.
Chief Executive of the NSW Land and Housing Corporation (LAHC) Deborah Brill said the development is part of a $6.7 billion pipeline of housing projects on LAHC sites in Western Sydney.
“This project demonstrates LAHC’s ambition and long-term commitment to deliver more keys in
doors to create housing for those who need it most,” Ms Brill said.
“We’ve taken a site which previously contained three ageing houses and transformed it into a 44- unit modern apartment complex – in other words we’ve increased the number of homes at the site for people in need by more than 14 times.”
“Importantly, projects like this supported the construction industry throughout the pandemic, supporting jobs when they were needed most during the past two years.
“New social housing construction will play a key role in the state’s economic recovery in the coming years, while transforming the lives of residents with modern and comfortable new homes.”
The five-storey building on Phillip Street is located roughly 300 metres from local shops and is just
eight minutes’ walk from St Marys Station and the future Metro line.
Featuring 23 one-bedroom and 21 two-bedroom units, the complex will respond to strong demand for smaller dwellings from existing and future tenants.
The building will be managed by a Community Housing Provider (CHP), Evolve Housing, under a 20- year lease.
The NSW Land and Housing Council has transferred more than 14,000 social housing properties to CHPs over the past five years, as well as offering longer leases for an additional 11,000 properties that CHPs manage on behalf of LAHC.
Longer leases give CHPs greater certainty over their portfolio and their rental income, allowing them to schedule maintenance, protect their assets and create opportunities to deliver more homes.
To read more about the Phillip St development, visit: St Marys.