Housing Reserve supports 115 new homes
“We are rapt with Council’s support for the Nelson Tasman Housing Trust. Housing Reserve grants have been crucial to our ability to accelerate building more affordable and social housing,” says NTHT Director Carrie Mozena. The Trust has used each Housing Reserve grant either to purchase land or contribute to construction costs. Since 2021, these grants have assisted four new NTHT developments - in Tāhunanui, Nelson South, Atawhai and a site near the Stoke shops (settlement this week).
Housing Reserve grants to NTHT total $3.8 million, which has leveraged at least $10 million in further funding from donors and central government. The results are four quality, affordable/social housing developments at a total cost of just over $20 million – an ROI for Council of over 540%.
These projects deliver 33 new homes for over 70 residents, ranging from young working families to older retirees. Almost one third of the homes are wheelchair accessible. All have good insulation, heating, ventilation, solar panels to reduce power costs, and are well-located on public and active transport routes for easy access to schools, shops and community services.
The benefits of NTHT housing are clear: annual surveys show over 95% of our tenants report significant improvements to their health, employment, education and sense of security and wellbeing.
Carrie Mozena
NTHT Director