$1.3m 'social housing' deal close
Thursday 9 September 2004
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".
By The Landlord
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
Commenting is closed
House Prices
S&P forecast 10% house price fall
Global ratings agency Standards & Poors is the latest to join the chorus of predictions around potential house price falls in New Zealand – and they’re picking a 10% drop.
Commercial
Augusta Capital takeover bid now unconditional
ASX-listed Centuria Capital has declared that its takeover of New Zealand property funds manager Augusta Capital is now unconditional, as it has secured nearly 66% of Augusta’s shares.
Mortgages
Advisers buoyed by strong property market
The New Zealand property market has emerged strongly out of lockdown, according to mortgage advisers, who say they are busy as ever this winter.
