UDIA welcomes the opportunity to make a submission to the local councils participating in the current Draft Western Sydney Regional Affordable Rental Housing Contribution Scheme. Currently, these councils include the Blue Mountain City Council, Blacktown City Council, Camden Council, Hawkesbury Shire Council and Wollondilly Shire Council.
UDIA is particularly concerned that several of the proposed reforms outlined in the Discussion Paper, if adopted, will affect developers’ ability to obtain project funding, and increase the cost and risk of developing housing stock in NSW which negatively affects project feasibility and impacts the ability of the industry to respond to the current housing crisis by delivering more homes and suppressing supply at a time when the National Housing Accord is seeking to increase it.
In this context, we believe many of the proposed changes in this discussion paper are unnecessary and place disproportionate responsibility on the development sector, at a time where feasibility is already deeply constrained, and the State is falling desperately behind in delivery of its share of dwellings required to meet the Housing Accord targets.
Our full Submission can be found at the Download button below