In recent years, many projects across Australia have demonstrated that partnerships between state governments, local government, private developers, non-profit housing developers, community leaders and private financial institutions can create attractive, successful affordable housing developments that not only serve residents, but are an asset to the broader community.
There is an increasing need for these joint ventures, which may use a combination of rental income, private funding and state or local government subsidies or resources such as land, and the planning system, as an effective means of meeting the demand for affordable housing in NSW and Australia.
Looking at the way others have approached affordable housing joint ventures can provide some insight into how to proceed. Click on Case Studies for some good examples of partnerships in action. Another example of a joint venture or public-private partnership is to be found in Bonnyrigg where The Living Communities Program is renewing and strengthening the community in a public housing estate.
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