Nelson City Council divested its community portfolio to Kāinga Ora with final settlement in March 2021. As a result of this process, the Council agreed to establish a Housing Reserve using the proceeds ($12 million).
The Reserve has been established on the basis that its purpose would be “to work with and support partners who have the ability to deliver social and affordable housing solutions for the community” and “ Council sees the Reserve as a community asset for which it has a stewardship role.”
At its meeting 5 October 2021 Council approved Phase One of the Housing Reserve.
Phase One is a $2 million grants programme. Its objective is- To be invested to support and enable partners to deliver an enduring supply of new affordable housing in Whakatū Nelson.
Phase One is open to applications from Community Housing Providers registered with the Community Housing Regulatory Authority and/or Iwi Trusts. Applicants need to have a local presence and be well-positioned to deliver new affordable housing in Whakatū Nelson.
Applications open 7 October 2021 and close on 3 November 2021.
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