Brisbane Housing Company Ltd has announced the completion of its 100th home, at Green Square in Fortitude Valley. Congratulating the company, Lord Mayor Campbell Newman said BHC wa san independent, not-for-profit organisation which provides affordable housing, was gifted the land on which the 1000th home was built by Brisbane City Council.
“I'm proud to say that Council gifted the land to the BHC exempt from Land Sales Act tax, and provided $3.7 million to Brisbane Housing Company for the construction of the building." Located at Lot 4, 503 St Paul's Terrace, the development entails eight levels of affordable housing units and a two-level integrated community facility, which will occupy the ground and first floors.
Once completed, the community facility space will be transferred back to Council to be used for community purposes. Cr Newman said BHC would hand the 1,334 sq m community facility space back to Council next week for the commencement of fit-out works.
"This space will service a range of community organisations, as well as provide shared community meeting space," Cr Newman said. "The organisations identified to tenant the community centre on the ground floor are Council's Visible Ink Valley Youth Space and the Open Doors Youth Service.
"New Farm Neighbourhood Centre will manage a range of tenants on the first floor." The Brisbane Housing company was founded in 2001 with joint funding from Brisbane City Council and the State Government.
Council has provided $14 million over a 7-year period to BHC, as well as land at Hurworth Street, Bowen Hills, and Church Street, Fortitude Valley, to increase the development of affordable housing in Brisbane.
