THE Brisbane Housing Company and Queensland Investment Corporation (QIC) are delivering another 92 social and affordable homes in Chermside.
The project will be funded through the state government’s $2 billion Housing Investment Fund (HIF) and will include 46 new social housing units and 46 affordable housing units.
Four older homes occupying the Chermside site, located near the Prince Charles Hospital, will be demolished to make room for the new development.
“These homes are located centrally to public transport, the Prince Charles Hospital, health facilities and shopping, including the Westfield Chermside shopping centre,” said Jimmy Sullivan, member for Stafford.
“These homes will provide housing for households from the social housing register here in Chermside and housing for local lower-income workers who are employed in the nearby retail, health and administrative services precincts.”
This will be the fourth project announced through the fun in partnership with BHC and QIC, including a 34-unit project also being constructed in Chermside.
“BHC is thrilled to announce this fourth project under our Housing Investment Fund pipeline, delivering up to 1,200 new social and affordable homes for Queenslanders,” said Rebecca Oelkers, chief executive at BHC.
“We recognise the Queensland State Government’s commitment to supporting BHC to bring these well-located new affordable homes to life across Brisbane and the South East.”
QIC and BHC have also proposed development of up to 81 units in Woolloongabba through the fund, which has an approved Ministerial Infrastructure Designation.
With QIC recently settling its$30 to $40 million purchase of Stuart’s Creek, marking the second acquisition for its Natural Capital platform.
“All units will be built to silver or gold accessibility, with the new social homes aimed at people at risk of homelessness, women and children escaping domestic violence, First Nations people, single older women, families, young people, seniors and people with disability,” said Meaghan Scanlon, minister for housing.
“The Housing Investment Fund means we can work with industry to fund more projects, and that Queenslanders will be able to continue to access critical funding for housing projects not just now but into the future.”
Over $479 million in project funding has already been approved under the HIF, with another 71 proposals shortlisted to progress to the next stage of assessment under the fund.
More than 1,600 social and affordable homes have been approved for funding under the fund. With 5,600 new social and affordable homes to be delivered, in construction or under contract through the fund by mid-2027.
Construction on the 92-unit Chermside project is anticipated to commence later this year, with tenants expected to move in from mid-2025.
“Construction will also provide a boost to the local economy during construction supporting 95 full-time equivalent construction jobs,” concluded Sullivan.
