Queenstown's housing trust is pledging to build 1000 affordable homes in the district by 2028.
The Queenstown Lakes Community Housing Trust has helped 160 households into affordable housing in the district since it was formed a decade ago.
But a record waiting list of 500 eligible families needing its assistance has prompted the trust to set what executive officer Julie Scott calls the ''big, hairy, audacious goal'' of helping 1000 households over the next 10 years.
''Having spent the past decade building capacity, we're now well-positioned to execute a significant growth cycle for the trust,'' Ms Scott said.
''With our new Secure Home programme set to launch early this year, significant inclusionary zoning contributions due from land developers, and the backing of our local council, we're well-placed to achieve this goal.''
Trust chairman Martin Hawes said it would have a far greater role in the provision of housing in the district than previously, and would have to scale up operations accordingly.
The Secure Home scheme enables a household to buy a home while renting the land underneath from the trust for a below-market rent. The home can only be bought and sold in a controlled market where increases in value are limited to the rate of inflation.
The trust expects to begin building the first 14 homes under the scheme on a greenfield site near Onslow Rd, bordering Lake Hayes Estate, later this year.
Ms Scott said other factors that would help the trust achieve its target were 10% inclusionary zoning contributions in all future special housing areas in the district, greater support from central government, an expansion of its affordable rental programmes, and partnerships with other not-for-profit and private organisations.
