The Tarakan Street Social and Affordable Housing project is part of the Big Housing Build, a Victorian Government program investing $5.3 billion to deliver over 12,000 new homes for people who need them..

The development comprises 130 dwellings in total, made up of a combination of social and affordable housing and spread across three buildings: a cluster of townhouses at the northern end of the block, a three-storey apartment building and a six-storey apartment building to the south.