Kiwisaver funds bankroll community housing

Kiwisaver funds bankroll community housing
Community Finance said it has $1 billion in community housing projects on its books across Otago, Canterbury, Wellington, Hawke's Bay and Auckland.
Brent Melville
Ethical retirement funds Generate and Caresaver Kiwisaver are backing a community housing initiative seeking to raise $100 million in funding for as many as 300 low-cost houses, much of it to be built on unused urban church land.Community Finance said it had reached the halfway stage of its Aotearoa Pledge targets, with cornerstone commitments of $10m each from the two Kiwisaver providers, Forsyth Barr and ANZ Bank, while Lindsay Foundation and WEL Energy Trust have contributed a combined $11m.Chief executive James Palmer said the platform, est...

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