Tauranga’s Step Change
Our Managing Director, Morgan Jones,…
Affordable Housing A Priority For Palmerston North
Affordable homes look set to play a role in the city’s newest subdivision, Tamakuku Terrace.
Palmerston North City Council is teaming up with local community housing provider ‘Homes for People’ in an effort to make it easier for residents, including first-home buyers, to secure a property at the James Line development.
Council has agreed to sell 20 of the 114 sections to Homes for People, who will build new homes for those eager to enter the Palmy property market.
The other sections available to the general market will also be a range of sizes and differing indicative values to address affordability and accommodate buyers at different stages of life.
City Mayor Grant Smith says it’s a great outcome and start in a challenging sector.
The two organisations are working through the contract, which is expected to be signed in the coming weeks.
Medium Density Housing
Public section sales are to start soon.
Over the coming weeks, we will be releasing information about the sales process for the remaining sections and start the tender process for the first grouping of sections. People interested in purchasing a section should register at tamakukuterrace.nz
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