The NSW Department of Planning, Industry and Environment (DPIE) has rejected the affordable housing proposal submitted by the City of Ryde despite commending the Sydney council for their efforts to address the housing affordability crisis.
With a view to increasing affordable housing in the local community, the City of Ryde had submitted their draft policy, which would require residential developers to allocate 2 percent of the total floor area for affordable housing in developments in medium and high density zones as well as town centres, and 7 percent in developments that require the land to be rezoned. The council had also committed to ensuring that 5 percent of all new residential developments built in the local government area by 2031 would be set aside for affordable housing to benefit low to moderate income households.
Known as ‘inclusionary zoning’, this requirement could be met by developers either through floor space allocation or a monetary contribution.
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