Access Housing’s very first in-house development saw completion and occupation in March, with seven, two-storey terraced townhouses built in Burley Street, Mandurah.
Access Housing chief executive Garry Ellender said the development marked the first of a number of new affordable rental and home ownership options.
Rents are set at 25 to 30 per cent of household income, with all tenants meeting eligibility criteria set by the National Rental Affordability Scheme, which partly funded the project.
The tenants are a mixture of low income earning singles and couples who were previously on the Joint Wait List for accommodation with the Department of Housing.
The 2011 Census showed median household income in Mandurah was 70 per cent of the state-wide median.
According to Mr Ellender, the Peel/Rockingham area is experiencing significant population growth, placing upward pressure on housing costs.
‘At a time when governments are struggling to find new money for housing, Access is raising private capital to ensure new affordable housing is available to the market,” he said.
Access Housing will continue to build affordable housing for the Peel/Rockingham area, with another project under construction on Allnutt Street.