Thu Sep 17, 2015
A NON-PROFIT community service provider with approved plans to build 41 units in Guildford could be left almost $400,000 out of pocket.
RichmondPRA pleaded its case for a Section 94 developer exemption to Holroyd councillors last week.
A council spokeswoman said a report was requested and would be presented to councillors to decide at a later date.
RichmondPRA purchased the site at at 70-74 O’Neill Street 18 months ago for $3.5 million and lodged a development application (DA) for 16 two-bedroom units, 19 one-bedrooms and six studio apartments.
It’s under the federal government’s National Rental Affordable Housing Scheme, which means the units will stay affordable housing for at least 10 years after the development is completed
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