Thirteen homes for Wellington’s most needy are going on the private market, and more are expected to follow as the city council faces “commercial realities”.
Wellington City Council has already spent the $220 million it received from the government 10 years ago in a partnership deal to redevelop its social housing stock – but that money was supposed to last another 10 years.
Under the deal, the council is legally bound to retain its social housing levels for the next 20 years, and it is understood to have drawn up a list of other homes it plans to sell, in order bring in funds.
The funding shortage comes as social development portfolio leader Brian Dawson described social housing demand in the city as “astronomical”, with 350 people on the waiting list.
The council houses about 3400 tenants in its portfolio of 2090 properties, making it the second biggest landlord in the country.
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