I write in response to the Planning Proposal, draft Development Control Plan (DCP) and draft Affordable Housing Contribution Scheme for the Parramatta Road Corridor Urban Transformation Strategy – Stage 2.
In general, Urban Taskforce supports the planning proposal. In particular, we welcome the intention to:
• upzone the Kings Bay Stage 2 precinct to R3;
• increase FSR and building heights in the precinct; and
• include an incentive bonus (up to 41m).
We also recognise the proposed reduction in affordable housing rates within the precinct. However, we believe that some of these rates are still too high, and that they will make housing projects unfeasible at a time when industry is facing significant challenges.
While we acknowledge that there is a need for affordable housing to help to address rental stress for segments of our community, how it is achieved could have a detrimental impact on the delivery of market housing and the ongoing housing supply crisis.
To read the full submission, CLICK HERE