Housing FAQ
Affordable Housing
What qualifies as affordable housing?
Affordable housing refers to accommodation priced below the market rates, making it accessible to individuals and families with on very low to moderate-income households.
What is Affordable Housing?
Housing that falls under any of the definitions of Affordable Rental Housing, Affordable Ownership Housing, and Other Affordable Housing, as outlined below.
What is Affordable Rental Housing?
Sub-market rental housing designed to support very low, low or moderate-income households. By offering discounted rents, this housing model ensures residents can comfortably cover their basic living expenses, such as food, clothing, transportation, medical care and education.
To meet Landcom’s target, Affordable Rental Housing must be managed:
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By a Community Housing Provider registered under the National Regulatory System for Community Housing; and
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In accordance with the rent setting provisions of the NSW Affordable Housing Ministerial Guidelines.
The length of time that Affordable Rental Housing is maintained is determined on a project-by-project basis. Project teams are encouraged to deliver Affordable Rental Housing in perpetuity.
What is Affordable Ownership Housing?
Private market housing which is affordable for purchase by moderate or below moderate-income households. Landcom’s method for determining the price thresholds for Affordable Ownership Housing is set out in the Housing Procedure.
Other Affordable Housing
Solutions include housing products which improve housing affordability more generally and may include alternative tenures or a pathway to home ownership such as shared equity schemes and rent-to-buy models.
What are Landcom's affordable housing projects?
Our projects vary from 2% to 100% Affordable Housing. Below are our current projects and the percentage of Affordable Housing in each.
● Garden Suburbs 37%
● Schofields 30%
● Queenscliff 100%
● Macarthur Gardens 10%
● Bulli 10%
● Mullumbimby 100%
● Edmondson Park 10%
● Lachlan's Line 100%
● Goonellabah 100%