Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Abbeyfield seizes opportunity to to build homes

24 November 2006

Abbeyfield seizes opportunity to get support to build homes


Abbeyfield New Zealand Ltd has seized the opportunity offered by the Housing Innovation Fund to provide affordable housing for older people.

Over the past three years Abbeyfield has secured $3,665,000 in housing innovation funding to help build three properties – one in Hamilton, Auckland, Takaka.

The aim of the fund is to encourage community groups and organisations to get more involved in providing social housing to people, Paula Snowden, Housing New Zealand General Manager Housing Innovations said.

“Abbeyfield has certainly done that,” Ms Snowden said.

“And most importantly, considering our ageing population, it is older people who are reaping the benefits. Abbeyfield is providing housing that allows older people to retain their independence, but the support of an affordable, family-style environment.“

Last financial year the Corporation approved $15.14 million in Housing Innovation Fund loans to local authorities and community-based organisations. The loans were to 13 community-based organisations and five local government authorities. The developments provided 220 new housing units comprising 271 bedrooms.

A further $2.33 million was provided in conditional grants to community-based organisations and $2.78 million in capacity-building grants for community-based organisations and local authorities.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>