Lindsay Thompson served as Minister for Housing from 1961-1967, during which time many of Melbourne's controversial public housing towers were built.
Construction of the remaining 114 homes will begin once the last public housing tower on the second site is razed by year's end, said Mr. Codey.
In Melbourne and Sydney apartment living is sometimes not a matter of choice for the many socially disadvantaged people who often end up in public housing towers.
The 1960s brought on several redevelopment projects including streetscaping, new homes, and a new public housing tower.
The Federal Government no longer supports the building of high-density housing towers.
Putting on the games will involve an estimated $418 million in construction, including a new Olympic stadium, Olympic village and two high-rise housing towers.
In the 15-story housing towers, the corridors reek of urine and the elevators are often out of order.
Hundreds of high-rise public housing towers shot up, providing modern apartments to the poor, but frequently turning viable neighborhoods into bleak no-man's lands.
One involved bulldozing seven new but never occupied public housing towers to make way for luxury apartments.
Various housing towers like the Virat Towers are built here with comparable prices.