Businessmen lead a new Industry Body to tackle the housing crisis!


Businessmen lead a new Industry Body to tackle the housing crisis!

A newly formed, not for profit Housing Supply Association (HSA) has been formed to increase affordable housing supply for first homebuyers, key workers, ex-servicemen and people with disabilities.  Riad Tayeh, a partner at dVT Group, is one of the founding members as well as the Treasurer of this Association.

NSW Minister for Planning and Housing, the Hon. Anthony Roberts MP, launched the HSA which will work closely with government and industry to influence policy at a legislative level to unclog bottlenecks in our planning system.  He welcomes HSA’s commitment to help break the cycle of the spiraling property market, which slams the door on many new first homebuyers and prevents key workers living where they work.

The NSW Government is committed to working with businesses, organisations and local communities to address housing affordability and those who are most disadvantaged in buying their first home, or renting where they live.  Mr Roberts said “I commend the formation of the not-for-profit Housing Supply Association to assist in tackling these challenges and look forward to working hand-in-hand with all participants to break down the barriers for future generations of new home owners and renters and helping key workers to live where they work.”

The HSA already has 1,800 new dwellings in the pipeline across Sydney which will be allocated to first homebuyers and key workers.

“Our policies will have a direct focus on accelerating housing supply and affordability for those first homebuyers and those in the rental market.  We are greatly encouraged by the support of the NSW Government and the commitment and foresight of Minister Roberts to include the HSA as part of the solution”  Mr Tayeh says.

The Association, which is backed by commercial property experts and has the support of the police, ambulance and fire services, will target moderate income earners, with a focus on key workers.  The current housing crisis means some emergency services personnel are flying in weekly to Sydney from interstate or commuting large distances to maintain their jobs because they can’t afford to live here.

The HSA will also work with government and industry to secure property exclusively for those who need it most, many rental properties at 20 – 30% below market value.  Property allocation will also focus on ex-servicemen and women and people with disabilities.

This is the only holistic, industry-driven solution to deliver real outcomes for first homebuyers and key workers, such as the police, ambos and fire services who look after our communities 24/7.

“We look forward to working with the Minister to progress our mandate to implement positive change to unclog bottlenecks in our planning system so we can benefit those who need affordable housing most” says Mr Tayeh.