However, Mr Adams said it was looking to work with iwi groups, social housing providers and other interested parties to submit a comprehensive proposal.
Mr Adams assured existing tenants' rents would remain as was presently offered to tenants, while property maintenance and presentation would improve. It had explored the possibility of creating community-based facilities "to bring a heart to the suburb and community".
Tauranga Moana Te Puke Housing Consortium spokeswoman Victoria Kingi confirmed it would also bid for the Tauranga portfolio and had signed a Heads of Agreement with the Masterton Trust House Community Enterprise to provide tenancy management after the trust successfully negotiated the transfer of 500 Housing New Zealand homes in 2003.
The consortium had three iwi authorities including Tapuika, Nga Potiki and Ngati Ranginui who were already involved in social housing and had affordable housing projects underway, Ms Kingi said.
The consortium would would lever off treaty settlements and land equity and strong investor support when it put its financial model together.