Open now for consultation
Council seeks feedback on housing investment proposal
The Council sold seven of its nine elder housing villages to Kāinga Ora – Homes and Communities in 2022.
Kāinga Ora will continue to deliver affordable housing to existing tenants.
The two villages retained by council were in Pitau Road and Hinau Street, which are considered unsuitable locations for community housing. These two villages are currently in the process of being sold for private development. Council worked closely with the tenants of these villages and found them affordable, comfortable, and secure homes in Tauranga, before the villages were offered for sale.
While some of the sale proceeds have already been committed to support local community housing providers and Papakāinga housing, the Council wants to check in with the community on its proposed plans for the rest.
The first part of the proposal involves investing $10 million in a Housing Equity Fund, alongside Bay Trust and TECT, who are also intending to invest in the Fund. Any funds that council invests will be spent within Tauranga city.
The second part of the proposal would see the remaining sale proceeds from the elder housing portfolio also being invested in the Housing Equity Fund and/or other affordable housing initiatives.
The Housing Equity Fund will provide affordable housing for those in our community who are most in need, while delivering a return on investment to support multiple, future housing projects.
Community consultation opens on Wednesday 31 May and will run until Wednesday 21 June.
Take the survey now