Building and construction company Northerly Group has been appointed to develop a $12.3 million housing project for the City of Perth, in Goderich Street East Perth.
The complex will comprise 48 one- and two-bedroom apartments over three levels.
The City of Perth said it would provide affordable rental accommodation for about 90 key workers from early 2013.
Construction of the complex, which was designed by Scott Penn Hall Architecture and Interior Design’s Jamie Penn, will kick off in October.
The project will be funded by the City of Perth, with support from the Department of Housing and the Disability services Commission.
Access Housing will manage the development.
City of Perth Lord Mayor Lisa Scaffidi said the project was a practical solution to the dearth affordable rental housing for low- to middle-income city workers.
“The Council is proud to be leading a project that will be providing key and essential city-based workers with the ability to live close to their workplaces as the city is an obvious place for people to live and work regardless of their income levels,” Ms Scaffidi said.
Tenants will be charged 80 per cent of market rent for similar homes in the area and will be subject to income assessment to ensure they qualify.
The scheme is expected to save potential tenants more than $270 per month at current rental prices.
Eligible tenants must work in the City of Perth local government area.