Andrew Barr is very excited that the Land Development Agency has been gonged for its affordable housing in Bonner:
I congratulate the staff of the Land Development Agency (LDA) for winning the prestigious and highly competitive Urban Development Institute of Australia (UDIA) National Award for Affordable Development at the 2012 Awards for Excellence.
The award was presented in Perth last night and recognises the outstanding work of the LDA team in the development of the new Gungahlin suburb of Bonner
The major factors in winning the Affordable Development Award were the innovative OwnPlace program and the Land Rent Scheme, both of which are unique to Canberra.
Some of the OwnPlace purchasers also decided to take advantage of the Land Rent Scheme, which allowed them to rent the land rather than purchasing it, effectively halving their mortgage repayments.
Winning this award highlights the quality of work being undertaken by the LDA’s Bonner and OwnPlace project teams, who were dedicated to planning and delivering the vision of Bonner being an economically, socially and environmentally sustainable estate.