ACC Investment An Endorsement For Community Housing Sector

Monday, 31 August 2020, 1:02 pm
Press Release: Community Housing Aotearoa

The community housing sector hopes the Accident Compensation Corporation (ACC)’s involvement in a new partnership to fund, build and manage 100 new homes will encourage other investors to back community housing initiatives.

ACC announced today that it will invest $50 million in a joint venture with community housing provider CORT that will see 100 new homes built for people and families on the public housing waiting list in Auckland.

“ACC’s investment fund is world-class,” said Community Housing Aotearoa CEO Scott Figenshow.

“Today’s announcement should send a signal to other potential funders that community housing projects provide investors the opportunity to make a significant contribution to society while also achieving relatively secure financial returns over long periods of time,” said Mr Figenshow.

Mr Figenshow said the government’s support of ACC’s involvement was also a welcome sign.

“Minister Carmel Sepuloni’s comments that the government can’t solve homelessness by itself and that different outcomes require different approaches is exactly the message we have been putting forward,” Mr Figenshow said.

“The past few decades have shown us that neither the state nor the market can fix this crisis alone. A sustainable solution needs both to be involved, and organisations such as CORT and other community housing providers can help make that happen effectively.”

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Community Housing Aotearoa

Nga Wharerau o Aotearoa

Community Housing Aotearoa is the peak body for New Zealand's community housing sector. Our 110 members build and manage affordable and social housing.

Our Vision is to make sure every New Zealander is well-housed in a warm, safe, dry and affordable home. This is a basic human right.

We work to support the growth and development of community housing providers to enable them to provide affordable and social housing.

We want to demonstrate that community housing is a critical element alongside private and government owned housing. No one can do it alone.

Community Housing Aotearoa aims to:

1. be the voice of the community housing sector
2. build capacity and foster collaboration
3. promote best practice in housing policy
4. champion quality and excellence.

Contact Community Housing Aotearoa

• Website - communityhousing.org.nz/
• Our Place - Learn how we think this can be achieved
• Phone - +64 4 385 8722
• About us - Our 2021 annual report is online here
• Email - support@communityhousing.org.nz
• Link - Members directory
• Physical Address - Level 11, Ranchhod Tower, 39 The Terrace/102-112 Lambton Quay, Wellington