Property

$1.3m 'social housing' deal close

The Christchurch City Council is close to sealing a deal with Housing New Zealand (HNZ) to provide more than a million dollars for new "social housing".

Thursday, September 09th 2004

The council wants $1.35 million from HNZ as part of a 50/50 partnership to build a 24-unit housing development on land it owns in Richmond – on vacant land in Gowerton Place – adjoining an existing housing complex.

The HNZ money will come from its local government housing fund, a $64m scheme aimed at creating a new avenue for social housing.

City housing sub-committee chairwoman Carole Anderton said the demand for council housing was huge. Intelligent partnerships between the council and government could help provide housing for those in need.

Read More - Opens in a new window

Most Read

Unity First Home Buyer special 3.95
SBS FirstHome Combo 3.99
TSB Special 4.39
ICBC 4.39
BNZ - Std 4.49
SBS Bank Special 4.49
Co-operative Bank - First Home Special 4.49
Unity Special 4.49
Kiwibank Special 4.49
ASB Bank 4.59
ANZ Special 4.59
ICBC 4.59
Nelson Building Society 4.87
BNZ - Std 4.89
Kiwibank Special 4.89
Unity Special 4.89
TSB Special 4.89
SBS Bank Special 4.89
Kainga Ora 4.95
ASB Bank 4.95
China Construction Bank 4.95
AIA - Go Home Loans 4.95
ICBC 5.19
Westpac Special 5.59
TSB Special 5.69
ASB Bank 5.69
BNZ - Std 5.69
Kainga Ora 5.69
SBS Bank Special 5.69
AIA - Go Home Loans 5.69
Kiwibank Special 5.79
Co-operative Bank - Owner Occ 5.89
China Construction Bank 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank 5.75
Unity Standard 5.79

More Stories

Thursday, February 19th 2026

RBNZ expects slower house price growth in the current recovery

The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.

Buyers sitting on the sidelines in best time to buy in a decade

Thursday, December 04th 2025

Buyers sitting on the sidelines in best time to buy in a decade

Stable house prices, low interest rates and plenty of houses to choose from are still not enticing buyers.