Boost for low-cost housing in Lismore

Low-cost housing in Lismore is set for a boost following a proposed development winning support from the National Rental Affordability Scheme (NRAS).

Not-for-profit Christian care provider Baptist Community Services – NSW & ACT (BCS) has welcomed the announcement that its proposed $5 million Lismore community housing project has won NRAS support, which provides financial incentives to organisations building affordable housing, aimed at people on low incomes.

BCS will soon lodge a development application with Lismore City Council for the project, which will provide much-needed low-cost rental accommodation for seniors and people living with disabilities, who are facing the challenge of finding and affording a rental home.

“The project is a positive example of BCS’ commitment to meeting unmet needs in the local community, particularly among those living with disadvantage,” the organisation said.

Under the plan, BCS is proposing to develop land on the corner of Dibbs and Dalziel streets, Lismore, building 26 new one and two-bedroom units.

The development will incorporate both age-friendly design features to ensure accessibility for all and environmental sustainability design features to reduce living costs for residents and our impact on the environment.

BCS Strategic Development and Sustainability General Manager Mike Furner said he was delighted that the project had received NRAS support.

“NRAS provides the opportunity for the Federal and State government and the not-for-profit sector to work together to increase the supply of affordable private rental housing,” Mr Furner said.

The scheme provides a financial incentive per dwelling on an annual basis for up to 10 years, so that housing can be offered for rent below market rates for low-income earners.

The Rudd Government has announced that it will deliver 6741 new affordable rental homes across the country under the NRAS second round of funding.

Related posts:

1. Byron Shire seeks input on Mullumbimby affordable housing project
2. Byron Shire housing crisis worsens by the week: Councillor
3. $880,500 funding announced for Clarence Valley housing
4. Councils, companies urged to apply for Housing Affordability grants
5. Clarence Valley housing development short-listed for funding

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Related posts:

1. Byron Shire seeks input on Mullumbimby affordable housing project
2. Byron Shire housing crisis worsens by the week: Councillor
3. $880,500 funding announced for Clarence Valley housing
4. Councils, companies urged to apply for Housing Affordability grants
5. Clarence Valley housing development short-listed for funding