AFFORDABLE RENTAL PROGRAMME
The Affordable Rental programme is designed to provide affordable, secure tenure in decent quality homes to low income households. This provides households the opportunity to get on their feet financially through clearing debt and/or setting savings goals.
How it works
A qualifying household has the opportunity to rent a QLCHT owned property for a five year term. The rent is set at a fair market rate and an income based subsidy applied, where eligible, discounting the rent by up to 20%.
To be eligible to apply for the Affordable Rental Programme applicants must meet the following basic criteria:
- The property must be used exclusively as the household’s primary residence and must not be vacated by the household for any more than four weeks over a 12 month period.
- The applicant's combined household income must not exceed a certain level, which is determined by the size of the household. Maximums will vary from $61,000 for a single person household to $87,000 for a five-person household
- At least one person from the household entering into the Affordable Rental Agreement must be a New Zealand resident or citizen.
- At least one person from the household entering into the Affordable Rental Agreement must be in full time employment in the Queenstown Lakes District (fulltime is deemed as 30 hours per week or more).