15/06/2026
Construction has commenced on 264 new affordable, rent-capped homes in Green Square!
I was thrilled to help turn the sod today on Acacia Apartments – a $255m affordable housing project delivered by City West Housing, made possible through City of Sydney developer contributions and discounted land sale.
This project is a genuine collaboration, with federal Housing Australia Future Fund contributions as well as construction finance support from the Commonwealth Bank and of course, City West’s equity, delivery and management.
The project will provide 264 new homes for very low, low and moderate income households.
These will be genuinely affordable homes, capped against household income – not discounted market rates that are still unaffordable.
Affordable housing is essential for a diverse, cohesive and economically successful global city.
More importantly, it’s a basic human right.
That’s why we use all levers available to us to maximise genuinely affordable housing.
We are so proud to support developments like Acacia, which will be life changing for 264 households.