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

Wed, 16 Apr 2014

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...

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