Award-winning Community Housing Provider Evolve Housing is proud to announce a new residential development in Penrith that will deliver 135 new homes under the Housing Australia Future Fund Facility (HAFFF), in partnership with Housing Australia and developer Urban Property Group.
Close to Penrith train station, the development will deliver 135 affordable homes and 296 private market dwellings in a mixed tenure community. The overall development provides 431 of much needed accommodation in this well-located area.
The Penrith development is the fourth of 11 projects to be announced under the HAFFF program, where Evolve Housing will provide more than 1,200 new social and affordable homes across New South Wales and Victoria.
These new homes will provide secure, high-quality accommodation designed to promote long-term tenancy stability and community well-being. Built to high environmental and design standards, they will feature modern, accessible layouts to meet the needs of a diverse range of residents. All tenant cohorts will have equal access to all amenities provided in this development.
With residents at the heart of what we do, the strategic location of these new homes will offer our residents easy access to transport and essential services, including a vibrant mix of cafés, boutique shops, a supermarket, pharmacy, and medical centre, alongside reputable schools and expansive green spaces. This well-rounded environment lays the groundwork for a thriving, well-connected community.
The project is scheduled for completion in July 2027.
Lyall Gorman, Evolve Housing Group CEO, said: “This development is a direct response to the growing urgency for housing solutions in Australia. We’re not just increasing supply; we’re raising the standard. These homes will offer long-term security, dignity and opportunity for people who have been locked out of the housing market for too long. We look forward to working closely with Urban Property Group to bring this vision to life in Penrith.”
Patrick Elias, Urban Property Group CEO said: “This partnership reflects our shared commitment to delivering housing that meets real community needs. We’re proud to work alongside Evolve Housing to create homes that are not only affordable and functional, but also part of a thriving, well-connected neighbourhood.”
Scott Langford, CEO of Housing Australia said: “This project reflects the kind of strategic investment the Housing Australia Future Fund was designed to support. By enabling partnerships between community housing providers and developers, we’re helping to deliver more homes where they’re needed most. We’re pleased to see Evolve Housing and Urban Property Group working together to bring high-quality, affordable housing to Penrith.”
Media enquiries
E: media@evolvehousing.com.au
About Evolve Housing Group
Evolve Housing Group is a nationally recognised leader in community housing, known for delivering innovative, high-quality social and affordable housing solutions. We support individuals and families on low to moderate incomes who are unable to access the private rental market, with a strong focus on building inclusive, resilient communities.
As a profit-for-purpose organisation, we reinvest every surplus dollar into expanding housing supply and enhancing support services that empower residents to thrive. We are also a registered Specialist Disability Accommodation (SDA) provider under the National Disability Insurance Scheme, committed to meeting the diverse needs of our tenants.
With a growing portfolio of over 5,000 homes, Evolve Housing provides secure, sustainable housing to more than 11,000 people across metropolitan Sydney, the Hunter, the Central and Mid-North Coasts of NSW, the ACT, and Victoria. Our mission is to create housing that goes beyond shelter—offering stability, opportunity, and a foundation for a better future.
About the Housing Australia Future Fund Facility (HAFFF) and National Housing Accord Facility (NHAF)
The HAFFF is a $10 billion Federal Government initiative administered by Housing Australia to support the delivery of 30,000 new homes over five years. The NHAF provides financing to deliver 10,000 affordable homes, forming a cornerstone of the national response to the housing crisis.
About Urban Property Group
Urban Property Group (“Urban”) is a dynamic, family-owned developer and builder based in Sydney. For nearly 40 years, we’ve been shaping communities across New South Wales, creating homes that stand the test of time and designed to enrich everyday life.
We’re proud to be the first Australian developer to offer 10-year Latent Defects Insurance, setting a new benchmark for homeowner confidence. We’re also iCIRT-rated by the NSW Government, a recognition of our commitment to quality, transparency, and trust.
Urban is committed to making quality living accessible to everyone, whether it’s a first home, a growing family’s next step, or a place to truly belong. With a pipeline of 9,000 homes across New South Wales, including 1,100 affordable housing dwellings, Urban’s developments span from Wickham in Newcastle through Greater Sydney to Wollongong.
