jul 1, 2001 - Community Group Housing Rent Relief Fund - starts
Description:
The Rent Relief Fund (RRF) was introduced as an interim measure to alleviate the funding stress facing some of the Housing Corporation’s Community Group Housing providers resulting from increasing housing costs. It was intended to make up the shortfall between the market rent charged by Community Group Housing and the actual funding received from Government agencies for the housing related costs of delivering a service. The allocation of funding was carried out on an annual basis with entitlement guaranteed for the current financial year only. Applications were considered on a contestable basis and processed against a formula giving priority to those with an operating deficit. Applications were weighted depending upon whether the provider is fully or partially funded for their contracts and how the activity fits with Government’s wider priorities. The maximum level of rent relief provided for any individual property was 90% of the chargeable market rent. The RRF was capped at $4.5 million per annum.
Source: https://www.msd.govt.nz/about-msd-and-our-work/about-msd/history/social-assistance-chronology-programme-history.html
Added to timeline:
A chronology of Māori housing in Tāmaki Makaurau - Key events
This timeline charts the changing institutional framework an...
Date:
