Horowhenua Council housing sold

Jun 15, 2017 | News

Sister Margaret Anne Mills of the Sisters of Compassion said the order is committed to providing safe, affordable pensioner housing in Horowhenua well beyond the contractual obligation to keep them until 2029.

At a media briefing on Wednesday, the Horowhenua District Council officially announced the sale of its 115 pensioner housing units was expected to be finalised within the next five weeks. The briefing confirmed information leaked to Stuff last week that revealed the council is selling the pensioner units to a new company, Compassion Horowhenua.

But the council would not confirm the controversial $5.5 million price tag – well below the property portfolio’s rateable value of $7.19 million. It did, however, concede the sale price was less than that.

And in a further twist, Horowhenua Mayor Michael Feyen, a vocal opponent of the deal, was only present at the briefing because he received a tip-off about it the previous night.

READ MORE:
* Horowhenua council-owned pensioner housing sells for $5.5 million
* Horowhenua council handed petition against pensioner housing sale
* Horowhenua community housing transfer discussed behind closed doors
* Horowhenua pensioners worried new housing providers will hike rent

The sale decision was made in a public-excluded committee meeting last month, while a 2000-signature petition opposing the sale was delivered to the council last week. Grey Power, along with Feyen, has previously expressed concern and have called for further consultation.

Council chief executive David Clapperton said consultation was over, the decision was made, and the deal would go through unless serious issues arose over the five-week due diligence period.

Clapperton said the sale price was fair, taking into account an outstanding $5.2m Housing New Zealand loan on the properties that would be transferred to Compassion Housing, and a projected $4.3m cost to replace 50-60 per cent of the units in the next 25 years.

The sale was conditional on the properties remaining community housing until 2029.

Compassion Housing is a joint venture between the Sisters of Compassion and private investment firm Willis Bond

Sister Margaret Anne Mills said the order made a similar deal with Upper Hutt’s council in 2000, which had worked out well, and hoped they could repeat the success in Horowhenua.

The Sisters’ service manager manager from Upper Hutt would come to Horowhenua weekly, a local facilities manager and nurse will also be made available.

The Sisters had nearly 100 years experience caring for the elderly and were committed to providing secure, warm and affordable pensioner house well beyond the contractual obligation, she said.

Read more here.

Recent articles

Annual Report

2021/22 CHA Annual Report

2021/22 CHA Annual Report

Strategic Plan

CHA’s 2022-2023 Strategic Workplan

CHA’s 2022-2023 Strategic Workplan

Case Studies

Media Releases

News

Newsletters

Submissions

CHA’s Submission on the RBNZ Risk Weighting

CHA delivered this submission to the Reserve Bank of New Zealand in response to their consultation on Risk Weights.  We have urged the Reserve Bank to work with banks and financial institutions to recognise lending to registered Community Housing Providers as a...

CHA’s Submission on the Natural and Built Environment Bill

CHA has prepared a submission to the Environment Committee on the Spatial Planning Bill currently at the select committee stage at the time of writing. CHA has consistently advocated for Inclusionary Housing (IH) to be enabled through the RMA reforms. We discuss how...

CHA’s Submission on the Spatial Planning Bill

CHA has prepared a submission to the Environment Committee on the Spatial Planning Bill currently at the select committee stage at the time of writing. CHA has consistently advocated for Inclusionary Housing (IH) to be enabled through the RMA reforms. We discuss how...

Legislation

Reports

CHA 2022 Annual Report and Audited Accounts

What a year for our Community Housing Aotearoa Ngā Wharerau o Aotearoa team. Our Annual Report highlights our service delivery, including: - 16 submissions to central and local government. - 30 trainings and events delivered on topics ranging from public health...

CHA’s Methamphetamine Harm-Reduction Handbook

CHA has developed a Methamphetamine Harm-Reduction Handbook - with consultation from the NZ Drug Foundation - with advice for providers, tenants, and policy-makers. This resource can be read below: Methamphetamine Harm-Reduction Handbook

Research

Community Housing Aotearoa

Contact Us

Contact Info

Level 11, Ranchhod Tower,
39 The Terrace /
102-112 Lambton Quay
PO Box 11543
Wellington 6142

+04 385 8722

Follow On