Passing the buck on housing bucks

Passing the buck on housing bucks
Social housing, like these new units in Tauranga, needs finance — and finance needs scale. (Image: BusinessDesk)
Nikitin Sallee
If community housing providers are paying over the odds for their borrowing, the cost is borne by taxpayers. This is the seventh in a series of articles on the business of social housing. I’m a landlord buying 100 houses in a high-demand neighbourhood. The new dwellings have been purpose-built for me as a landlord.The houses meet the healthy homes standards and are designed for a lifespan of at least 50 years.The properties are better than fully tenanted: I have a contract with the government. It promises to provide tenants...

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