AFFORDABLE HOUSING PROJECT FOR FREMANTLE
An interesting affordable housing project will be developed in Fremantle on the corner of Blinco and Wood streets in White Gum Valley by the Fini Group.
The EHDO Nightingale apartments will be sold under market value to ‘ethical investors’ who can only sell their property at agreed market value.
The apartments will have shared laundry facilities and communal gardens, so it all sounds very Freo.
I understand the concept was created by Melbourne architects and the Freo project will have 12 apartments initially.
This is what EHDO says:
Nightingale Housing is a non-profit organisation formed by a group of leading Australian architects. It aims to create affordable housing models that are specifically designed to achieve environmental and social benefits for cities. In other words, Nightingale promotes the building of communities, not just market commodities.
The Nightingale ethos is driven by the reality that home ownership is becoming increasingly out of reach, especially in Australia’s major cities. The rise of apartments in suburbs has not made housing more affordable, nor has it contributed to suburban quality of life, in terms of good housing and neighbourhood design, access to services, and community building.
Nightingale developments aim to increase affordability by selling housing directly to homebuyers without many of the ‘add on’ costs associated with typical developments, such as agent fees, marketing and display suites. The requirements of the owner-occupier and the community are emphasised over investor profit.