New Zealand Legislation: Bills

14 Methods of retention

• (1) An affordable housing policy must state how affordable housing is to remain affordable in the event of resale or transfer subject to the affordable housing policy.

  (2) Without limiting what the policy referred to in subsection (1) may state, things that the policy may state are that—include the following:

  • (aa) the person doing the development must sell or rent the housing to a person who meets the criteria specified in the provisions of the policy that reflect section 13:

  • (a) the person to whom the housing is allocated must offer it first to the territorial authority or a council-controlled organisation, a council organisation, or a trust if the person decides to sell it:

  • (ab) the territorial authority or a council-controlled organisation, a council organisation, or a trust that buys the housing must sell it to a person who meets the criteria specified in the provisions of the policy that reflect section 13:

  • (b) the territorial authority or a council-controlled organisation, a council organisation, or a trust owns must own the housing subject to an occupation right agreement with the person to whom the housing is allocated:

  • (c) the territorial authority or a council-controlled organisation, a council organisation, or a trust owns must own the housing jointly with the person to whom the housing is allocated.