INNOVATIVE AFFORDABLE HOUSING FOR THE COMMUNITY
YOUR LOCAL ORGANISATION FOR COMMUNITY HOUSING
The Queenstown Lakes Community Housing Trust (QLCHT) was created to manage and deliver affordable housing solutions to those vital to the community who cannot afford it. Initiated by local council in 2007 who recognised the affordability issue and acted upon it, the Trust is now an independent entity.
While there is a steady stream of people willing to move to the district, after 12-18 months, an unusually high percentage of these recent migrants (often estimated at over 50%) decide to move away. The reasons for their move are often cited as high living costs, with the largest of those being the cost of housing.
The intent of the Trust is to provide housing for low to moderate income households who contribute to the social, economic and environmental well-being of the District, but are genuinely struggling to commit to the area because of the affordability issue.
QLCHT is an independent non-profit organisation presided over by five Trustees who provide a wide range of experience and skills on the board. It is well represented by all the relevant professions including legal, financial and property professionals as well as people who know and feel the heartbeat of the community.
The Trust is engaged with a wide range of Stakeholders including developers, employers, central and local Government in order to deliver a range of offerings tailored to different household circumstances. These include buying existing homes and the Trust's own developments.
- Trustees delighted by decision, tax status nearly settled, November 2013
- Trust's stoush with IRD continues, October 2013
- House prices & QLCHT in the spotlight, July2013
- Housing Development Plan for Arrowtown, May 2013
- Sober Findings in Major New Survey of Residential Tenants, July 2012
- Trust launches Starter Loans, 13/10/11
- Trust reaches 50th Houshold Milestone 23/03/12
- CLT invests $6m into new housing bond, 13/10/11
- Minister undertakes to resolve Trust Charities Commission issue, 4/07/11
Have you thought about using KiwiSaver for your deposit?
KiwiSaver is a voluntary, work-based savings initiative to help you with your long-term saving for retirement. It has a range of membership benefits including contributions from your employer and the government, as well as help with buying your first home.
KiwiSaver offers two features to help you into home ownership:
1. KiwiSaver first-home deposit subsidy
You can apply for the deposit subsidy if you have belonged and have regularly contributed to a KiwiSaver scheme, complying fund or exempt employer scheme for at least three years. The subsidy is $1,000 for each year of contribution to the scheme. For more information on this particular option click here
2. KiwiSaver first-home savings withdrawal
After a minimum of three years membership of a KiwiSaver scheme, you may be able to withdraw; Your savings; your employer contributions and all returns (interest etc). For more information on this particular option click here
If you are new to KiwiSaver or you are already in the scheme and wish to find out more about the benefits, please visit the following site: http://www.kiwisaver.govt.nz/