PHOTO: DOMINICO ZAPATA/STUFF The plan is for a trust which will own land, and charge a peppercorn lease to those who rent or own houses on it (file photo).
A housing shakeup is planned for Waikato, aimed at helping people get out of unstable renting situations.
At its heart is a trust which would own land and charge a “peppercorn lease” to people who own or rent houses on it.
Hamilton City Council is setting aside $2 million to start the trust and has been talking with various community groups – but hopes it will attract more contributors and go Waikato-wide.
“It takes the cost of land out of the housing equation,” said Lindsay Cumberpatch, speaking for the groups who worked with the city council on the idea.
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