Developer's Affordable Housing Plan Sparks Controversy

0:00This is Corey, keeping Sydney in the know, you're listening to Sydney News today. A Sydney developer named Tui Miller wants to tear down 27 affordable studio apartments and some townhouses on Oxford Street in Paddington. The plan is to build an eight-story block with 40 units instead right across from the Victoria barracks. This uses a state government incentive that allows extra height and space if developers add some affordable homes. The new building would have 10 affordable units on the lower floors rented below market rate for 15 years. It includes luxury two-story pinhouses with private pools and terraces plus three-three bedroom apartments, four two bedroom ones, a communal pool, and ground floor shops. Locals and officials are upset, saying the project wipes out more affordable housing than it adds. Wool-lar counselor Harriet Price called it appalling. An independent MP Alex Greenwich labeled it a cruel insult to residents arguing the city. Needs permanent homes, not fancy pools.

1:01Supporters like the developer and a community housing group say it mixes unit types for better diversity and suits affordable tenants well. The Urban Task Force lobby group welcomes it as a smart use of incentives to boost supply. The proposal is open for public feedback until March 16th. Planning Minister Paul Scully notes 43 similar projects approved so far delivering over 24,000 homes including 5,000 affordable ones. He says more permanent options are coming in key areas. Dean and his sponsor via partner, check out the episode description. Do not just listen to podcasts. Get lost in them comfortably. S-O-L-L-I. SullyPillow.com