21 May 2014

Future of council houses under discussion

8:53 am on 21 May 2014

Discussion on the future of council housing in Christchurch begin on Wednesday, including the possibility of selling or leasing properties on the table.

230414. Photo Diego Opatowski / RNZ. Christchurch City Council social housing in red zone

Christchurch City Council social housing in red zone Photo: RNZ / Diego Opatowski

Currently the Christchurch City Council, owns and manages all of it properties, but it says that's unsustainable because of the cost of quake damage.

Twenty options are proposed. The preferred solution is to set up a limited liability company and then lease 51 percent of its housing portfolio to other companies.

Other options float the idea of selling some properties.

The council is the second biggest landlord in the country after Housing New Zealand. Before the quakes, it owned and managed 2640 units, that's now dropped to about 2200 properties.

Submissions close on 26 June and public hearings will be held in July.