City of Ryde Council in Sydney has adopted an Affordable Housing Policy that aims to alleviate the burgeoning housing affordability crisis.
The policy aims to deliver around 750 new affordable dwellings over the next fifteen years. The plan has received wide community support through an extended three-month public exhibition.
The policy sets out a comprehensive framework that will see the Council in a central role to advocate for, facilitate, provide and manage affordable housing in the Ryde local government area (LGA).
City of Ryde Mayor, Councillor Jerome Laxale said, “In delivering a local government first, Ryde is determined to address housing affordability in the Ryde LGA.
“Housing affordability levels in Ryde are at crisis point. Clearly the market has failed to provide our City the housing mix it needs. Our direct market intervention will hopefully set Ryde on a much fairer path.“
The Affordable Housing Policy contains clear targets that five percent of new dwellings built over the next fifteen years will be designated affordable housing dwellings. This equates to around 50 new affordable housing dwellings each year.
“The City of Ryde will become a leading council in Sydney in the provision of affordable housing,” the Mayor said.
“Yet to meet the need, we cannot do this alone. I call on the state and federal governments to join us to make housing more affordable in Ryde and across Sydney.
“Having a stable and affordable place to live is fundamental to being able to function as a contributing member of society.
“Addressing this need in turn helps to address many other problems, particularly for people who find themselves in challenging economic circumstances. This is in everyone’s interests.”
