Boost for co-op housing
CEHL Chair Heidi Lee, on behalf of CEHL, accepted a cheque today for $4, 292, 573 for a multi-story co-operative housing development in Brunswick from the Honourable Marlene Kairouz, Minister for Suburban Development, and Minister for Consumer Affairs, Gaming and Liquor Regulation. The funds from the Victorian Government, Victorian Property Fund, will contribute to the development, subject to planning approval is expected to complete in 2021.
Subject to council planning approval, it is anticipated that the seven-story development at 6-8 Wilson Avenue, Brunswick will comprise 16 apartments and feature a rooftop garden, greenhouse, shared laundry facilities and space for a commercial business on the ground floor.
Located in a high-demand area for affordable housing options, the development will provide accommodation for low-income households, with excellent amenity, ease of access to numerous public transport and robust environmental credentials (seeking a 7.5 NatHERS rating).
The building and dwellings are designed to the Victorian Government Better Apartment design standards by Genton Architects for enhanced thermal performance and low ongoing running costs for households.
Funded by the Victorian Government, Victorian Property Fund, completion is expected in 2021.
CEHL Chair Heidi Lee commented;
"The funds from the Victorian Government, Victorian Property Fund grants program has enabled a welcome increase in affordable, environmentally-sustainable co-operative housing for Common Equity Housing."
"Wilson Avenue is a high quality development that will enhance the CEHL Co-operative Housing housing portfolio."
The cheque presentation was attended by Minister Marlene Kairouz, Heidi Lee (CEHL Chairperson), Stephen Nash (CEHL Managing Director), Marc Debney (Director, Genton), Councillor Lambros Tapinos (South Ward, City of Moreland) Brad Hosking (CEHL Corporate Director), Melissa Wittig (Manager, Real Estate Services)