Lake Ginninderra will lose its most recognisable resident following the Canberra teepee man's acceptance of an accommodation offer by the ACT Government yesterday.
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After almost three months of living on a homemade raft, William Woodbridge will be shifting back to dry land and into an apartment in Belconnen.
A Community Services Directorate spokesman confirmed the 21-year-old had accepted the lodging during a meeting with representatives yesterday.
''Housing ACT has been working with Mr Woodbridge since he lodged an application for housing assistance,'' he said.
''Mr Woodbridge has now accepted the offer of accommodation in Belconnen.''
It is the third property that has been offered to the University of Canberra student, who has previously turned down accommodation in Tuggeranong and Woden since starting his venture more than two months ago.
Speaking to The Canberra Times yesterday, Mr Woodbridge said he felt conflicted about accepting the accommodation.
''If the government can do this for some people, why are others left out to dry?'' he said.
The cost of student accommodation was the primary motivation behind his protest, previously reasoning his extended stay on Lake Ginninderra was to ''raise some fairly serious issues about student accommodation''.
Mr Woodbridge said he had struggled to afford lodging as a student. However, public housing tenants eligible for rebated rent are required to pay 25 per cent of their gross weekly household income for rent.
Mr Woodbridge has been a regular figure in the media spotlight since his unconventional housing caught the attention of government officials.
The makeshift home is in violation of the ACT Lake Act 1976 - prohibiting the use of a boat as a houseboat or place of living in a lake area - and officials gave Mr Woodbridge a number of deadlines to relocate, the most recent passing two weeks ago.
The government declined to remove Mr Woodbridge after Ngambri elder Shane Mortimer lodged an interlocutory injunction with the Supreme Court to stop the removal of last month.
Mr Mortimer had previously issued an authorisation certificate, stating that the student was ''authorised to occupy Lake Ginninderra or any other lake estuary or wetland he may so choose upon to reside as suits his needs in Ngambri country''.