Affordable housing projects targeted at people in expensive centres such as Queenstown and Nelson as well as Maori are winners in the latest round of approvals from the Housing Innovation Fund.
The fund was set up to foster collaboration between governme
Affordable housing projects targeted at people in expensive centres such as Queenstown and Nelson as well as Maori are winners in the latest round of approvals from the Housing Innovation Fund.
The fund was set up to foster collaboration between government and community organisations so more housing could be provided for New Zealanders on low incomes or with special housing needs.
Housing Minister Phil Heatley said $7.85 million of funding was being allocated.
The Queenstown Lakes Community Housing Trust gets $1 million for an $8.8 million project to provide 20 new properties for affordable home ownership, while the Nelson Tasman Housing Trust gets $1.3 million toward a $2.61 million project to provide nine new properties for rental to low- to moderate-income people.
The other four projects are for 44 new properties for Maori to be built in Northland, Tauranga and Whakatane.
"Of the $20 million allocated for the 2009/10 Housing Innovation Fund, the government set aside $5 million for Maori Demonstration Partnerships to support innovative housing solutions, such as these for Maori," Mr Heatley said.
"The aim of the Housing Innovation Fund is to encourage partnerships and innovation within the housing sector. These projects demonstrate the success of this approach with $7.85 million coming from the government and $18.73 million being funded by the private sector."
The Housing Innovation Fund for 2009/2010 has now supported 16 projects that will result in 169 houses throughout New Zealand for families and individuals in need.
