Government manages to offload 1100 state houses

To be honest, I never thought they’d find anyone stupid enough to take over dilapidated housing stock and then tie themselves to an agreement where they had to keep offering them as social housing.

The sale of more than 1100 state houses in Tauranga has been completed and the buyer, Accessible Properties, has promised to build another 153 in the area.

The government announced in August it had chosen the charity, a registered community housing provider, as the preferred purchaser.

It is selling batches of state houses in several centres, amid strident protests from Labour and the Greens.

Community Housing Aotearoa, the national body that oversees social housing, confirmed on Thursday the agreement to purchase and manage 1138 houses in Tauranga had been completed.

“In years to come people will look back on this period as a turning point in how New Zealand views social housing and the needs of people living in these homes,” said chief executive Scott Figenshow.

“Social housing is more than putting a roof over someone’s head – it is about creating vibrant communities living in warm healthy homes.”

He said because Accessible Properties was a tax-exempt charity, profits from housing investments would go back into housing improvements and the creation of more homes.

Oh, I see. ?A charity. ?That’s how they managed to get around the fact that you can’t actually run social housing as a profit generating business while at the same time enforcing the current Housing New Zealand conditions on the purchaser.

Oh well, good-o. ? That’s money in the bank to build houses at Pt England.


– NZN via Yahoo! News