The Development Deed between the developer (Hickinbotham Group) and Renewal SA (the vendor) for the Port Noarlunga South residential subdivision on Commercial Road, requires provision of a minimum 15 percent affordable housing and 90 social housing outcomes on any development that occurs on the land. Council is not a party to the deed.
The provision of 15 percent affordable housing is a state government target for all new significant developments. It was initiated in 2007 and is aimed at assisting low to moderate income earners buy their own homes.
The developer has confirmed that these sites will be scattered throughout the division.
The developer was not required to nominate these lots specifically on the plan of division during the assessment of the land division application, however 15 per cent of the allotments equates to approximately 94 affordable housing sites plus 90 social housing products (completed homes).
This will result in 29 percent of all proposed allotments in this division being allocated to meet these requirements. The outcome for this development is therefore nearly double that normally required of a master-planned development.
Affordable housing stock is managed by various community housing /social housing providers and released in an open market application process whereby any person meeting the criteria for that property may submit an application and be considered for the property.
The general eligibility requirements for affordable housing, as prescribed by Renewal SA, are that the person/s:
- is 18 years of age or older
- does not currently own a property
- plans to live in the new affordable home
- is a South Australian resident
- earns less than $110,000 per year as a couple, or $85,000 per year as a single
- has assets within the allowed limits.
Currently, all affordable homes cost less than $367,100 (or up to $422,050 if key criteria are met).
Renewal SA's website contains more information including fact sheets and contact details.