Of note is the Corporation’s reported $575 million to invest, including $320 million of insurance payments from earthquake claims. The Corporation estimates home costs, in addition to the cost of land, are about $300,000 for a two-bedroom home and $400,000-$500,000 for a three- or four-bedroom home. These costs seem high in comparison to what CHOs have delivered through the Social Housing Fund, where the average Crown capital investment from the Crown was about $160,000 per home including land with an average bedroom count of 2.7 per home.
The full report can be found here.
