By Jessica McSweeney
A spokesperson for Wesley Mission confirmed the intention to sell, and said any profits would be directed to other projects, including an essential worker housing development in Canberra.
The $16.5 million project was originally slated to be completed by mid-2025, and would have provided 39 homes, with rent capped at 30 per cent of the tenant鈥檚 income.
The major blow to the project came when the federal government knocked back an application from the charity for funding through the Housing Australia Future Fund.
鈥淎lternative funding avenues were also explored but could not generate the capital required,鈥 the Wesley Mission spokesperson said.