Affordable & diverse housing fund

Affordable & diverse housing fund

Now open

To apply, please contact the Senior Planner - Central Sydney Planning on 02 9265 9333 or via email.

Affordable and diverse housing

The affordable and diverse housing fund aims to promote the development of affordable and diverse rental housing in our area by community housing providers, not-for-profit and for-profit organisations.

The program aims to achieve:

  • additional development of affordable and diverse rental housing
  • greater range of affordable and diverse housing providers in the local area
  • use of private finance to increase funding of affordable rental housing
  • wider range of private financiers to fund affordable rental housing
  • increased capacity for housing providers to develop medium and high density affordable rental housing
  • increased stock of affordable and diverse housing managed by not-for-profit organisations
  • reduced housing stress among residents with low to moderate income.

The fund is part of our commitment to overcome financial barriers to promote affordable and diverse housing development.

The City's target is for 15% of total dwelling stock to be affordable and diverse housing within the local area.

Please see the grants and sponsorships policy for expected outcomes and eligibility. 

Funding available

Funding is available up to $3 million and can be used for:

  • acquiring land
  • design and construction
  • associated development costs. 

Funding can't be used for consent authority fees and charges.

Priority will be given to projects whose funding includes debt finance and preference will be given to applicants registered as tier 1, 2 or 3 under the national regulatory code for community housing providers.

Key dates

This program is open all year for applications until funds are exhausted. All projects must be intended for completion within 3 years of funding approval.

Applications are made via a 2 stage process.  Stage 1, the submission of a concept note. Following review, applicants may then be invited to stage 2, the submission of a formal application. 

Contacts 

For more information about this program or how to apply, please contact:

Senior Planner - Central Sydney Planning
02 9265 9333

Grants team
02 9265 9333

Last updated: Thursday, 21 December 2017