AFFORDABLE HOUSING STRATEGY BACKGROUND REPORT IN AUSTRALIA

Introduction

The Affordable Housing Strategy Background Report for Canterbury Bankstown, dated February 2020, addresses the pressing issue of housing affordability within the LGA. It outlines the challenges faced by various demographic groups, including key workers, students, and low-income households, and proposes strategic mechanisms to enhance affordable housing availability.​

Understanding Affordable Housing

Affordable housing is defined as housing that is appropriate for the needs of a range of very low to moderate-income households and priced so that these households are also able to meet other basic living costs. The report emphasizes that when housing costs exceed 30% of a household’s gross income, it leads to housing stress, impacting the ability to afford other essentials like food, healthcare, and education.​

The Need for Affordable Housing in Canterbury Bankstown

Housing Stress

A significant portion of households in Canterbury Bankstown experience housing stress, particularly among renters. The report highlights that low-income households are disproportionately affected, with limited access to affordable rental options.​Have Your Say Canterbury Bankstown

Rental Market Availability

The rental market in the LGA is characterized by high demand and limited supply of affordable dwellings. This scarcity exacerbates housing stress among vulnerable populations.​

Key Workers and Students

Key workers, such as teachers, nurses, and emergency service personnel, along with students, face challenges in securing affordable housing close to their workplaces or educational institutions. This situation can lead to longer commutes and reduced quality of life.​

Social Housing and Homelessness

The report notes a shortfall in social housing provisions, contributing to increased homelessness rates. There is a pressing need to expand social housing to accommodate the growing demand.​

Rationale for an Affordable Housing Strategy

The development of an affordable housing strategy is justified by the need to:​

• Address the housing affordability crisis affecting low to moderate-income households.​AHURI

• Ensure that essential workers can live within the communities they serve.​

• Promote social inclusion and cohesion by providing diverse housing options.​

• Utilize planning mechanisms to capture land value increments for affordable housing development.​

Mechanisms for Delivering Affordable Housing

Statutory Context

The report outlines the legal framework supporting affordable housing initiatives, including relevant state policies and local planning instruments.​

Planning Agreements and Contributions

Voluntary Planning Agreements (VPAs) and Affordable Housing Contributions Schemes are identified as tools to secure affordable housing through the development process. These mechanisms allow for the dedication of dwellings or monetary contributions towards affordable housing projects.​

Preferred Delivery Mechanism

The report advocates for partnerships between the council, community housing providers, and private developers to deliver affordable rental housing. This collaborative approach leverages resources and expertise from various sectors.​

Management of Affordable Housing Portfolio

Effective management of affordable housing stock is crucial. The report recommends establishing clear guidelines for tenant selection, property maintenance, and ongoing monitoring to ensure the sustainability of affordable housing initiatives.​

Feasibility Analysis

A comprehensive market analysis of various suburbs within the LGA, including Bankstown, Canterbury, Campsie, Chester Hill, and Padstow, provides insights into property values, rental yields, and development trends. This data informs the strategic planning and targeting of affordable housing projects.​qprc.nsw.gov.au

Affordable Housing Targets and Programs

The report suggests setting specific targets for affordable housing delivery to measure progress and accountability. It also proposes the development of programs that facilitate the construction of affordable rental housing, particularly on land dedicated by the council.​

Conclusion

The Affordable Housing Strategy Background Report for Canterbury Bankstown underscores the critical need for a multifaceted approach to address housing affordability challenges. By implementing strategic planning mechanisms, fostering partnerships, and setting clear targets, the LGA can work towards ensuring that all residents have access to safe, secure, and affordable housing

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