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

Tue, 09 Mar 2021

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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