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Council underwrites housing bond issue
The council’s development committee voted 14-5 yesterday to guarantee 20 per cent of the bond issue, or $6 million.
The guarantee will allow community housing providers to borrow on more favourable terms, reducing the costs of homes by between $6000 and $8000.
Councillor Cathy Casey said the move would grow the community housing sector and “give them wings to fly”.
Read the full article in the NZ Herald here
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