Prime city land will be transformed into hundreds of new affordable apartments under a $260 million project to bring key workers, priced out of the property market, closer to their work.
The City of Sydney's depot in Bay Street, Ultimo, home to a collection of garbage trucks, and a piece of nearby State Government land now housing 5 per cent of the area's public housing tenants, will be handed over as part of the project to address the city's affordable housing shortage.
The development on the 3.6-hectare site in Glebe-Ultimo will be for 700 new affordable, social and private housing units.
Workers who would benefit include police officers, nurses, cleaners and security guards.
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