PENSIONERS’ FLATS

Otago Daily Times, Issue 23703, 10 January 1939, Page 9

PENSIONERS’ FLATS

INCOME LIMIT IMPOSED REASON FOR RESTRICTION i (Per United Press Association; CHRISTCHURCH, Jan. 9. The lowest rental discussed so far for the pensioners’ flats being erected at Sydenham is 10s a week. The rentals will not be fixed unul the houses near completion. “ One of the terms of the loan of £25,000 under which the flats are being built—that they shall not be let to any person whose income exceeds a year—has been the subject of rnucn comment,” said Cr J. S. Barnett, chairman of the City Council’s Special Committee. to-day. “This is not a City Council condition, but one laid down by the State Advances Department. I suppose it has a general application to all loans advanced by the department at the 3 per cent, rate of interest. The flats being erected by the City Council are specially for the aged poor, and consequently are not likely to be required by persons whose income exceeds £320 a year. In any case. Ci Barnett added, “there are so many applications from elderly persons whose incomes are limited to the old age pension that a person whose income is substantially better than that has a very remote chance of becoming a tenant of one of the City Council s flats."