Pensioner limit up
PA Wellington The Government has • in- . creased the in-going cost limit for pensioner housing funded through the Housing Corporation from $16,500 to $19,000. 7. The Minister of Housing (Mr Quigley) has said that in- future the limit would be reviewed annually. The immediate increase of $2500 would-,-be .met by m-. ; creasing ’’tbe ‘'lbahs '/iCbriterit rather, than ’ by way of an increase in subsidy, he j I said. Ttys meant that
agencies would be able, to o lain a-v • maximum of $10,750 subsidy and $8250 loan at 3.5 per cent per unit. The limit of applicants personal assets.. (excluding car, furniture and. personal effects) was increased ;to $lO,OOO for couples, but. would remain at .$7500 for? single people. . ? .” The-asset limit for single-’, people had not been-lifted;, as there was. still? a demops'tra-., ted ' demand : . for . accommodation • from' people ■ who. fell under the limit, Mr Gair .said.
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Press, 21 February 1980, Page 16
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148Pensioner limit up Press, 21 February 1980, Page 16
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