On Sunday I joined Housing Minister Brad Hazzard and CEO of Bridge Housing John Nicolades at Cowper Street in Glebe.
Five years after the Labor state government announced that existing social housing on the site would be bulldozed to make way for a mixed redevelopment, work is now getting underway to deliver new housing.
This site will be transformed into a modern housing development with a total of 495 units - 247 market dwellings, 153 social dwellings and 95 affordable dwellings plus three retail units.
The increased amount of social housing on the Cowper Street site will be more accessible for older people in our community, as well as people with a disability.
Sydney is facing a housing crisis and all levels of government need to work together to deliver more housing choices in the inner city as the price of real estate soars.
Nurses, teachers, police officers, cleaners and bus drivers - the people who help make the city run - are increasingly finding they can't afford to live in it.
A diverse housing supply is fundamental to the cultural and social vitality, economic growth and liveability of Sydney.
Together we need to look at new models of large-scale affordable rental housing - housing that is delivered through partnerships among private developers, institutional investors, the not-for-profit sector and governments.
Other global cities, such as New York and London, are tackling housing affordability through proactive policies and strategies backed by significant funding commitments.
The work in Glebe is a good example of what can be done, but we need to do much more of it. I look forward to helping the State Government ensure that more affordable and social housing is made available in our city.