The Council’s proposed policy will create unnecessarily barriers for development, at a time when the industry is facing significant challenges.
Urban Taskforce Australia acknowledges the need for affordable housing initiatives to help address rental stress for segments of our community. We recognise that there is a role for developers to play but believe that the most effective method for delivering such accommodation is through collaboration and incentives.
With construction costs at historically elevated levels, high, in-perpetuity affordable housing contribution rates will prevent many projects from progressing from DA approvals to construction commencement and completions, thus reducing the overall number of market and affordable dwellings delivered within the LGA.
Urban Taskforce Australia’s members are concerned that the proposed changes to the affordable housing policy will escalate the cost of delivering housing supply, reduce feasibility, and, ultimately, fail to deliver the desired affordable housing units.
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