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.
- Housing Trust welcomes resolution to tax issues, July 2015
- Bid to ensure affordable housing component, May 15
- Fresh faces at the Housing Trust, April 15
- Smith fields social housing questions, August 14
- Making it through the door, July 13
- Prices hitting home, July 13
- Trustees delighted by decision, tax status nearly settled, November 2013
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 HomeStart grant
You can apply for this grant if you have belonged and have regularly contributed to a KiwiSaver scheme, complying fund or exempt employer scheme for at least three years. HomeStart provides eligible first-home buyers a grant of up to $5,000 for individuals and up to $10,000 for couples to put towards the purchase of an existing/older home; or a grant of up to $10,000 for individuals and up to $20,000 for couples to help with the costs of purchasing a brand new home.
For more information on this particular option click here
2. KiwiSaver first-home 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/