More affordable housing on the Tweed with $8.6m boost
HOME buyers and tenants in the Tweed can access 52 more affordable homes.
Under the Federal Government's Building Better Regional Cities program Tweed Shire Council will get $8.36 million to help reduce the cost of building local infrastructure for the Hundred Hills housing development in Murwillumbah.
Located between nature, coastline and metropolitan areas, this development is close to childcare centres, schools, shops, health care providers, adult education facilities, an aquatic centre, parks and barbecue areas.
"We know how challenging it can be for people on low incomes to get a start in the property market," Minister for Housing and Homelessness Mark Butler said.
"This investment will help make housing in this beautiful part of the state more accessible to low and middle income Australians."
Richmond MP Justine Elliot said the development would provide 30 affordable homes for sale and 22 affordable rentals to help alleviate housing supply pressures in the Tweed Valley.
"The funding will go towards important infrastructure, including earthworks, roads, civil works, electrical connections, telecommunications, parks and recreation areas-bringing forward the completion of two stages of the development to June 2016," Ms Elliot said.
"The savings to the developer will be passed on to home buyers and tenants through a reduction in sale and rent prices, to enable them to buy or rent homes that could have otherwise been out of reach.
"The two, three and four-bedroom houses and duplexes would be built to suit a variety of needs.
"All of these homes will be environmentally sustainable, and will be designed to meet the changing needs of residents across their lifetime, including families with children, senior Australians and people with disability."