A $260 million project to build up to 700 new affordable, social and private housing units at Glebe-Ultimo will address the city’s affordable housing shortage, NSW Premier Morris Iemma and Sydney Lord Mayor Clover Moore MP announced today.

Housing Minister Matt Brown and Ms Moore today officially signed a Memorandum of Understanding committing the City of Sydney and the NSW Government to a partnership to develop affordable housing on a 3.6 hectare site in Glebe.

The site flagged for development includes the City of Sydney’s 20,000 square metre Bay St Depot Site and an adjacent 16,000 square metre site (bounded by Bay, Wentworth and Cowper Sts, Glebe) owned by the NSW Government and containing existing social housing.

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