Media release:

Affordable Sections For Red Zone Home Owners

A Charitable Trust (Canterbury Co-operative Land Trust) has been established to facilitate the development of affordable sections for Red Zone home owners.

Christchurch City Councillor Glenn Livingstone says that "it is important that those in homes zoned red have the opportunity to get a new home without the burden and stress of taking on increased debt".

Cr. Livingstone, whose ward of Burwood/Pegasus has over 5000 red zoned homes, says "We consider that it should be possible to develop new sections ready to build on for a total cost of $90,000 to $120,000 (including GST)".

The Trustees (Canterbury Co-operative Land Trust) include: Patrick Costelloe (Managing Partner of the legal firm Malley & Co), Grant MacKinnon (Property Developer) and Simon White (Company Director and Chartered Accountant). Glenn Livingstone (CCC Councillor) while not a Trustee, is involved in meetings, facilitation and community communication.

Red Zone home owners interested in buying a section are encouraged to visit the website www.canterburyaffordablesections.org.nz and Register an interest.

This involves no obligation or commitment. At this stage no money is currently being sought and no applications or money will be accepted or received by those who register an interest. Any indications of interest will not involve any obligation or commitment of any kind, but will just give an indication of the level of interest in this proposal. Based on the needs and preference of Red Zone home owners who register an interest, land will be identified in suitable locations.

The Trustees are keen to work with and share information with other organizations who are attempting to also assist people with this housing issue. They can be contacted by emailing: affordablesections@gmail.com .

ENDS

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