The Medium term focus for Council is to manage and maintain pensioner housing to a standard and at a cost that is acceptable to the community and tenants.
Council acknowledges the importance of pensioner housing to those in the community, who through personal circumstances, are unable to rent accommodation in the private market.
In this regard Council doesn’t see itself competing with private sector landlords but offering a complementary service to that which is currently available.
Council also acknowledges that it isn’t funding depreciation on its pensioner housing assets and this indicates that at some future time Council will need to make strategic decisions about its long-term involvement.
Council doesn’t expect any return on the equity invested in pensioner housing but will attempt to operate them at the least possible cost to the ratepayers.
For more information relating to Pensioner Housing, you can contact James Baty at Wairoa District Council on (06) 838 7309.