What is the mechanism that Government would use to implement IZ?

Answer

In a considered way expand State Environmental Planning Policy 70 Affordable Housing across all local government areas.

 In a Considered way means that it would be phased in over a number of years, so that developers can factor in the cost of the affordable housing into the purchase of the land.

 SEPP No. 70 Affordable Housing is a policy which offers a mechanism allowing specified councils to assign an affordable housing contribution to certain developments within its local government area. This scheme is currently operating in Ultimo-Pyrmont and Green Square only.

You can find more information from our friends at Shelter NSW here. You can find more about the perspective from the private sector from the Committee for Sydney.


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