An architect's impression of affordable housing units to be
built on Onslow Rd, Lake Hayes Estate.
Stage two of the $10 million affordable housing
development at Lake Hayes Estate could begin by Christmas,
despite the Charities Commission's decision to investigate the
charity status of the trust behind the project.
Queenstown Lakes Community Housing Trust chairman David Cole
said it had received consent for another 22 double-storeyed
homes and a child-care centre, on Onslow Rd, at Lake Hayes
"The trust is hopeful construction will begin before
Christmas, and if not, certainly soon after," Mr Cole said.
Last year, the first five affordable housing units were
finished in Nerin Sq, in the centre of Lake Hayes Estate, in
stage one of the project.
However, in August, the Charities Commission advised it did
not consider the trust's activities met its registration
guidelines and planned to deregister the trust on September
Last month, the trust was given a temporary reprieve from
deregistration as a charity by the High Court, with a new
hearing date proposed for March 2, 2011.
"The outcome of the Charities Commission's decision will not
affect the development, as the trust owns the land outright,"
Mr Cole said.
The trust hopes construction of seven of the 22 remaining
affordable houses will begin near the end of December, by
housing construction company G.J.Gardner.
Mr Cole said the units were designed by Dravitski Brown
Architecture, and will be three-bedroom, two-bathroom
properties, expected to cost between $430,000 to $460,000,
depending on location, and private or shared property status.
"It is hard for home buyers to find a property in the area
for under $550,000 ... our job is to help struggling workers
in town, without making the costs of housing so outrageously
expensive," Mr Cole said.
In June, the trust was given a $1 million government grant
for the project, and the remaining $9 million had been
borrowed as working capital, Mr Cole said.
He said the trust could use its funds to buy about 30% of
each of the properties, leaving the home buyer to buy the
"We will leave an investment with the trust to purchase 30%
... and if homeowners want, as their incomes rise, they may
choose to purchase the remaining 30% back."
Mr Cole said, the trust was holding a "sausage-sizzle style"
open day, at the Nerin Sq development site for potential home
buyers to see what is on offer, on Saturday December 11.
Julie Scott, trust executive officer said the casual drop-in
function would run from 11am to 3pm, and housing plans would
be available for discussion with trustees, representatives
from the proposed child-care centre, and representatives from
G.J. Gardner Homes.
Ms Scott said the trust "has had a good response so far" to
people registering interest in the properties, but exact
numbers were unavailable yesterday.