City West Housing broke ground recently on our new $55 million affordable housing residential development at Bourke Street, Waterloo in the City of Sydney.
Sydney Lord Mayor Clover Moore joined City West Housing and builder Growthbuilt for the ceremony on Gadigal country, prior to the start of construction of Boronia Apartments.
City West Housing has worked with federal, state and local government to secure funding for this new project through:
- City West Housing’s long term partnership with the City of Sydney, which has allowed access to affordable housing developer contributions levied on private developers
- access to project finance through the National Housing Finance and Investment Corporation (NHFIC)
- a capital grant from the Community Housing Innovation Fund, an innovative funding program administered by the NSW Government.
City West Housing CEO Leonie King said that the 74-apartment development in the Danks Street Precinct will house people on very low-to-moderate incomes.
“Boronia Apartments will target lower income essential workers who help keep our city running, and one third of the apartments will be allocated to women and children at risk of homelessness due to domestic and family violence.”
Mayor Clover Moore said, “Housing is a basic human right for everyone and is essential for a cohesive and economically successful city. The plans for Boronia Apartments – a build-to-rent development – are well thought through and impressive. I look forward to welcoming new residents when they open.”
Boronia Apartments is expected to be completed in late 2024.
