Big Govt housing loan

Press, 27 September 1978, Page 4

Big Govt housing loan

Parliamentary reporter The Minister of Housing (Mr Holland) has approved $224,000 for another Christchurch City Council pensioner housing project. It will be built at the corner of Stanmore Road and Haast Street. A half-hectare site bordered by Beverley Park, it includes land formerly owned by the Lin,|wood Tennis Club. ’ The funds from the Housing Corporation, consist of a $77,000 loan and up to $147,000 in subsidies. Mr Holland said this would be a (“design and build” complex,-

[which was the first stage of; I a much larger development. •(Later, 24 two-bedroom counted rental flats wcfuld be ' built adjacent to the pen* ‘ sioner units when demand [required it. (I The council has built 1319 J pensioner flats in Christ- ’ I church, another 69 are under ' construction, and 46 have ’ been approved. Work on the ’ new project will start next _ month and the flats should ' be ready for occupation by ' I January. -I The City Council still had j a waiting’list of 239 eligible ,J applicants, the Minister said.

'[“Pensioner housing is one aspect of building to which (the Government is giving 1 I every encouragement be* cause there is a great deI mand still to be satisfied. I “Good pensioner housing Ills a vital and valuable asset in any caring community, • and, Christchurch has cer- : tainly earned that accolade,” ■ be said. - As with all Government* 1 funded rental pensioner ' housing of this kind, lhe flats would be available to I those aged 69 or more who ; need housing and have . limited assets.