HOUSING NOW! ALLIANCE BACKS CALLS FOR INCREASED AFFORDABLE HOUSING TARGETS IN NSW TRANSPORT-ORIENTED DEVELOPMENTS
MEDIA RELEASE 26 April 2024
The Housing Now! Alliance, a coalition committed to addressing Sydney’s housing crisis, urges the NSW Government to reconsider its current stance on affordable housing within the proposed Transport-Oriented Developments (TODs). The proposed 2% minimum requirement falls significantly short of addressing the urgent need for affordable housing across the state.
As urban areas expand and the demand for convenient, accessible housing near transport hubs increases, it is crucial that government policies evolve to meet all types of housing needs, particularly for essential workers. The current proposed targets of 2% will not be sufficient to ensure healthcare workers, retail workers and other essential workers can afford to live in all parts of our city.
Housing Now! Calls for three immediate changes to the TOD policy:
- Lift the percentage of affordable housing required in TOD locations to 5%.
- Publish a clear schedule of how the affordable housing percentage will increase over time.
- Initiate consultation with the development and community housing sectors to understand their feasibility and delivery models – with the aim of increasing the amount of affordable housing that can be achieved.
Higher affordable housing targets in TODs lead to more equitable communities, reduced commute times, and lower environmental impacts. Such proactive measures will not only provide immediate relief to many struggling to find affordable housing but also promote long-term economic and social benefits.
Housing Now! stands with community leaders, urban planners, and all those who support a more ambitious approach to affordable housing.
We call on the NSW Government to show strong leadership and commitment by revisiting and increasing the affordable housing requirement in TODs to reflect the urgency of this once in a generation housing crisis.
Media Contact: Chris Taylor 0423 272 494
About Housing Now!
Housing Now! is an alliance of industry bodies, unions, councils, and community groups committed to being a voice for future generations who may never be able to afford to buy a home in Sydney. The group knows that the status quo is not working which is why is committed to championing bold new ideas with practical actions that will make a difference. The Chair, David Borger has extensive firsthand experience on housing matters having been a former Lord Mayor of Parramatta and a NSW Minister for Housing,