Social housing programme open to overseas buyers
On Saturday, Finance Minister Bill English told TV3’s The Nation that the planned transfer of state houses to community housing providers (CHPs) could involve overseas providers.
English said that Australian or British social housing providers could purchase state houses if they registered as a CHP and showed they could manage the properties and look after the tenants.
For example, English said Queensland-based not-for-profit housing provider Horizon Housing has expressed interest in buying as many as 500 state-owned houses in New Zealand.
While the organisation would have to meet all the necessary criteria, English said the government was interested in working with them.
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