The Canberra Southern Cross Club has unveiled a lifeline for its future, pending construction of 70 affordable rental homes, as part of a major housing project in Phillip.
The homes will be part of a new 140-unit Build-to-Rent development, backed by Community Housing Canberra, to be located on Yamba Drive beside the club’s Stellar Canberra health and wellness centre.
It is being supported by the ACT government’s $60 million Affordable Housing Project Fund (AHPF), aiming to increase the supply of affordable rental properties in Canberra, which is slated to reach population of 500,000 by 2027.
Affordable housing initiatives are part of the arsenal to help ensure relevant housing options to meet the city’s needs in the future.
Since its launch in 2023, the AHPF has so far signed on to support six projects, potentially adding around 280 new affordable properties, plus agreed to spend $500,000 on planning and design work for the proposed MyHome project in Curtin, which will provide long-term, supported residential accommodation.
Developers and community housing providers are encouraged to submit proposals to the AHPF. For more information read the government’s Affordable Rental Prospectus.
John Lewis, President of Canberra Southern Cross Club, says they project is “vital” for the club’s long-term sustainability.
Construction is due to begin this year, with completion slated for 2026.
