Housing Minister Colin Holt said the planned 78-unit development would provide social, shared equity and full market value housing in a high-priority region.
“The Housing Authority will retain five units in the development for seniors or people living with disability on the social housing waiting list,” Mr Holt said.
“These units will be specially designed to ensure they are accessible for people with diverse needs.
“At least 12 apartments will be sold to individuals and families on low-to-moderate incomes through the Liberal National Government’s Shared Home Ownership program.”
The State Government will partner with Perth property developer Psaros to deliver the complex at 15 Yelverton Drive, Woodbridge. Mr Holt said construction will support at least 80 jobs and they would be completed by 2018.
The Housing Authority acquired the land from the Metropolitan Redevelopment Authority for $1.36 million and, subject to relevant statutory and regulatory approvals, construction is scheduled for completion by mid-2018.
The minister said the estimated $25 million project, in the MRA’s redevelopment precinct for Midland, would benefit the local community while respecting the heritage character of the area.
“This contemporary development will allow more people to live close to facilities and transport infrastructure, while enhancing the local community and economy,” he said.
“A range of employment options are available nearby, such as the Midland Gate Shopping Centre, local industrial areas and the St John of God Midland Public Hospital.
“The Woodbridge project is another example of the government working with the private sector to deliver its Aiming Higher action plan target of 30,000 affordable homes by 2020.”