The NSW Government is revitalising the Waterloo Estate to provide new and modern social and affordable housing, mixed with private housing in a well-located community close to the new Waterloo Metro Station.
Waterloo is at the centre of an exciting renewal program that will bring new public transport, homes, local jobs, community facilities, social activities and retail spaces to the area.
Following extensive community consultation with residents and other stakeholders on three redevelopment options, the NSW Government has developed a preferred Masterplan for the future of the Waterloo Estate.
Over the next 15-20 years, the Masterplan will guide the development of about 6,800 new homes with 60% of new buildings being seven storeys or lower.
Of the total dwellings, 35% will be social and affordable housing and the affordable housing will be owned in perpetuity.
Residents will have better access to shops and services and local employment opportunities. There will be new multi-purpose community facilities to provide space for cultural events, community learning, childcare and health services.
There will also be three hectares of safe open spaces, including new public parks and landscaped boulevards. The parks will provide residents and visitors with a place to celebrate events and enjoy outdoor activities. George Street will be transformed into a 20-25 metre wide tree-lined pedestrian boulevard with water features and good lighting, providing a safe and enjoyable walking experience.
The project is led by the NSW Land and Housing Corporation.
The preferred Masterplan will be lodged with the Department of Planning, Industry and Environment in 2019. Following a review period, DPIE will place the preferred Masterplan on public exhibition. This will be an important opportunity for residents and the local community to provide feedback.
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