Kirsty Needham 13.6.2015
Kirsty Needham
The site of the new development on Cowper Street in Glebe. Photo: Fiona Morris
The Baird government will finally announce plans on Sunday to rebuild the demolished Glebe public housing estate on Cowper Street as a mixed private, public and affordable housing community.
Last year Fairfax Media revealed the site was likely to accommodate public housing tenants forced out of Millers Point in the government land sell-off.
The O'Farrell cabinet approved construction plans for 153 public housing units, 95 affordable housing units and 247 private apartments on the site in 2013.
The site as it stood in 2010, when it was public housing. Photo: Marco Del Grande
Expressions of interest for the private apartments will go out next week. A spokeswoman for Families and Community Services Minister Brad Hazzard said the money raised from the private apartments will be reinvested in social housing.
Property prices in Glebe have recently soared amid interest from Chinese investors in the prime inner city location, significantly lifting the expected profit to be returned from the private apartments.
Fifteen public housing apartment blocks in Cowper Street, Glebe, were demolished by the state Labor government in 2011. Labor evicted 130 tenants but promised to build new housing on the site with the proceeds of money raised by the sale of 99-year leases to Millers Point terraces.
But the land was left vacant for years as a development application was lodged and contested in court.
Non-profit community housing groups City West and Bridge Housing will construct and manage the new properties, which will be partly funded under the now abolished National Rental Affordability Scheme. The units will include lift access for elderly people living alone.
NSW Treasury has handed over the title to the land to the community housing providers.
The project was originally expected to be completed in December 2016.
RESOURCED: http://www.smh.com.au/nsw/demolished-glebe-public-housing-to-be-resold-to-private-buyers-20150613-ghn5wo.html
Kirsty Needham
The site of the new development on Cowper Street in Glebe. Photo: Fiona Morris
The Baird government will finally announce plans on Sunday to rebuild the demolished Glebe public housing estate on Cowper Street as a mixed private, public and affordable housing community.
Last year Fairfax Media revealed the site was likely to accommodate public housing tenants forced out of Millers Point in the government land sell-off.
The O'Farrell cabinet approved construction plans for 153 public housing units, 95 affordable housing units and 247 private apartments on the site in 2013.
The site as it stood in 2010, when it was public housing. Photo: Marco Del Grande Expressions of interest for the private apartments will go out next week. A spokeswoman for Families and Community Services Minister Brad Hazzard said the money raised from the private apartments will be reinvested in social housing.
Property prices in Glebe have recently soared amid interest from Chinese investors in the prime inner city location, significantly lifting the expected profit to be returned from the private apartments.
Fifteen public housing apartment blocks in Cowper Street, Glebe, were demolished by the state Labor government in 2011. Labor evicted 130 tenants but promised to build new housing on the site with the proceeds of money raised by the sale of 99-year leases to Millers Point terraces.
But the land was left vacant for years as a development application was lodged and contested in court.
Non-profit community housing groups City West and Bridge Housing will construct and manage the new properties, which will be partly funded under the now abolished National Rental Affordability Scheme. The units will include lift access for elderly people living alone.
NSW Treasury has handed over the title to the land to the community housing providers.
The project was originally expected to be completed in December 2016.
RESOURCED: http://www.smh.com.au/nsw/demolished-glebe-public-housing-to-be-resold-to-private-buyers-20150613-ghn5wo.html
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