Nelson sells community homes to Kainga Ora for almost $20 m
Nelson will use millions of dollars raised from the sale of community housing units to support development of affordable housing. The council is to transfer 142 units to the Crown owned Rental Housing agency Kainga Ora for almost 20 million dollars. Twelve million from the sale will go into a specially set up housing reserve for affordable and social housing projects in the city. The remainder will be used to help fund upgrades, consents, and rent top-ups as required for tenants who do not qualify for the government rent subsidy. Tracy Neal reports.