Affordable rental homes launched in Murwillumbah

Tweed Shire Council partnership to deliver 52 affordable homes

Mayor of Tweed Councillor Katie Milne helped launch the first of 22 affordable rental houses to be built at Hundred Hills, Murwillumbah, on Wednesday 24 February 2016.

The launch signalled the culmination of five years’ work in delivering a share of the federal government’s $100 million Better Regional Cities Program to the Tweed.

affordableHousing_160827_640 Photo: Mayor of Tweed Cr Katie Milne and Horizon Housing Chief Executive Officer Jason Cubit launch the not-for-profit’s first rental house in Murwillumbah.

“Housing affordability is a very real issue here in the Tweed and Council is happy to have been able to support this initiative and make an affordable house available to a family in need,” Cr Milne said at the launch.

The project came after a January 2011 study, in which the then federal government had identified the Tweed as an area where house prices were unaffordable.  This prompted Council to partner with the not-for-profit group Horizon Housing and apply for funds under the program to build affordable housing in the shire.

The partnership secured $8.36 million in funds to build 52 homes at Hundred Hills; 30 to be sold and 22 to be retained by Horizon Housing for renting.

By May 2014, all roads and stormwater, water and sewer connections, electricity and recreational spaces were in place.

“The grant funds for the 52 lots enabled construction of the infrastructure for the whole development, fast tracking
the release of 178 lots, including the 52 earmarked for affordable housing,” Council’s Director Engineering David Oxenham said.

Of the 52 lots held by Horizon Housing, 25 of the 30 for sale have sold under a discounted mortgage scheme where Horizon Housing retains a 25 per cent interest in the property at no cost to the buyer until or unless the house is on-sold.

22 properties have been retained by Horizon Housing for renting.  The first house was launched ready for tenants in late February, with the second due to be finished by the end of March, and construction on seven more is due to start.

Both buyers and renters must meet eligibility criteria to join the affordable housing scheme and should contact
Horizon Housing direct for more information.

Courtesy Tweed Shire Council Newsroom 

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