Construction has started on the first six homes of an affordable housing scheme in Queenstown.
Queenstown Community Housing Trust is building two 2-bedroom and four 3-bedroom homes at Shotover Country as part of its pilot scheme, Secure Home.
Trust executive officer Julie Scott said it was the first of its kind in New Zealand, where people purchase the properties through a 99-year land lease arrangement and the trust retained ownership of the land in perpetuity.
The six lots in Shotover Country’s Cherwell Lane were transferred to the trust by the developers as part of Queenstown Lakes District Council’s Special Housing Area process.
”The essence of the shared home programme means a household will be able to purchase the home at around the cost to build it, excluding the land cost.
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Source: Otago Daily Times