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At the site of the 397 dwelling Build to Rent project Deicorp is delivering with AXA IM Alts and St George Community Housing (SGCH) in Westmead, Deicorp Chairman Fouad Deiri OAM said: “This is part of our commitment to working with government and boosting the supply of affordable housing.”
“We are proud to be helping deliver this landmark Build to Rent project in a prime location in the Westmead Health Precinct that will provide housing for many frontline workers and their families,” said Mr Deiri.
The Westmead project, part-funded by a $150 million loan from Housing Australia, will house more than 1,000 people. Fifty per cent of the units will be allocated for low- and moderate-income earners and essential workers including teachers, emergency service workers, and healthcare workers.
Housing Minister Julie Collins said: “What this shows is when we work in partnership, we can get projects like this up and running. It is only by working together and having partnerships with the sector, with industry and with other tiers of government that we are going to be able to build the 1.2 million homes that are Australia needs.”
The Prime Minister Anthony Albanese said: “What this shows is when we work in partnership, we can get projects like this up and running. It is only by working together and having partnerships with the sector, with industry and with other tiers of government that we are going to be able to build the 1.2 million homes that are Australia needs from the 1 July.”
The Westmead project builds on Deicorp’s strong track record of delivering affordable housing.
Deicorp currently has a pipeline of over 830 affordable housing dwellings across developments including Tallawong, Castle Hill, Westmead and Crows Nest.
Among some of Deicorp’s other social housing projects in recent years include the award-winning Pemulwuy Project in Redfern in partnership with the Aboriginal Housing Company.
