CHIA NSW has backed Sydney Council’s proposal to extend its affordable housing levy across the entire local government area.
Currently, the council’s affordable housing levy only applies to new developments in Green Square, Pyrmont and the the area between Sydney airport and the CBD.
It is thought extending the levy across the entire municipality could boost affordable housing numbers by 3,600 by 2030.
Sydney Lord Mayor Clover Moore says housing affordability had reached crisis point. and the planning proposal was a win for low and middle-income earners.
CHIA NSW CEO Wendy Hayhurst says, ‘It would be great if it were approved sooner rather than later with so much development going on at the moment. We’re losing time.’