Push on for $30 million Waikato affordable housing fund
'With $30 million, a major affordable housing initiative for the Waikato can begin, a community foundation says.
Momentum Waikato is pitching to potential funders – including Waikato Regional Council – and says the homes would both help families and support economic growth.
“We think we can start with $30 million,” said Kelvyn Eglinton, the chief executive of Hamilton-based Momentum Waikato.
Affordable housing sits in between “social housing” – for the likes of the homeless and those needing emergency accommodation – and market-supplied housing.
Eglinton’s comments in an interview Friday were made the day after Momentum’s presentation to Waikato Regional Council, seeking a $10 million contribution to a proposed Community Impact Fund for affordable housing development.
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Poll: Would you ever buy a total doer upper?
Housing stock is starting to move on the Coromandel Peninsula, including a dilapidated place one block back from Cooks Beach that sold to a Hamilton bargain hunter for $500,000.
Real estate companies are starting to see more deals go, however, prices have stabilised with high supply levels still outstripping demand.
Would you ever buy a total doer upper? Tell us your reasons in the comments (adding NFP if you don't want your words used in print).
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0% Yes
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0% Maybe
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0% No
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