NZ govt, Christchurch council target 700 new units, more affordable housing supply in accord

NZ govt, Christchurch council target 700 new units, more affordable housing supply in accord
By Paul McBeth April 16 (BusinessDesk) - The New Zealand government and Christchurch City Council want to add a net 700 social housing units in the country’s second-largest city in two-and-a-half years and a bigger supply of affordable houses as part of a formal housing accord. Housing Minister Nick Smith and Christchurch Mayor Lianne Dalziel today signed an agreement which will see central government invest $75 million and council $50 million to encourage private investment in developments. The accord, which needs ratification by the full c...