More affordable homes could be on the way for North Ryde, Following the NSW Government approved changes to Landcom’s development plans at Lachlan’s Line, to deliver 135 affordable homes.
Minister for Planning and Public Spaces Paul Scully said the modified plans would double the floor area of one of the lots on the basis it would be used for 100 per cent affordable housing.
“The Minns Government is delivering on its commitment to tackle the housing crisis by streamlining planning, unlocking infrastructure, boosting housing supply and supporting the delivery of more affordable housing across NSW,” Mr Scully said.
“This Landcom project will deliver more affordable homes that more people can afford close to key amenities as well as two train stations at North Ryde and Macquarie Park.
“The updated concept proposal brings the total gross floor area from 5,413 to 10,263 square metres once the buildings on the site are used entirely for affordable housing.”
Mr Scully said the project will provide additional affordable housing for low to moderate income households giving more people the chance to live and work within Ryde.
“Landcom is partnering with Link Wentworth Housing to deliver these homes for up to 270 new residents including health-workers, child-care workers and teachers.
“Ryde has a growing number of key workers, so providing high-quality, accessible and affordable housing is crucial.”
Landcom CEO Alex Wendler said the ambitious project demonstrates Landcom’s commitment to tackling the housing affordability crisis as part of a whole of government effort.
“Housing supply and affordability are our highest priorities. We are increasing housing stock across the board with a range of innovative partnerships to deliver increased affordability,” Mr Wendler said.
Link Wentworth CEO Andrew McAnulty said we are delighted to be working with Landcom on this critical affordable housing project and the confirmation of the new streamlined planning pathways could not be better timed.
“This project is a great example of how NSW can get projects ‘shovel ready’. It will work with the proposed Housing Australia Future Fund (HAFF) or other revenues such as the Housing Accelerator to ensure 100% of these homes become permanent affordable housing for generations to come,” Mr McAnulty said.
Lachlan’s Line forms the northern end of the North Ryde Station Precinct which was rezoned for high-density residential development, mixed-use development and public open space in 2013.
The former industrial area will supply approximately 2,700 homes near two metro stations, a bus interchange and the M2 Motorway.
Landcom selected Link Wentworth Housing to partner with and provide the affordable dwellings.
For more information visit Lachlan's Line