A statement from Hastings District Council said the development aligned with the Council’s medium and long-term housing strategy, providing affordable rental homes for seniors struggling in the private rental market.
Hastings mayor Sandra Hazlehurst described it as a huge milestone for the community.
“Providing affordable, high-quality homes for our seniors is a priority, and this project will make a significant difference in the lives of those who need it most,” Hazlehurst said.
Subject to attaining resource consent, the development will consist of 12 blocks, each containing two to four units with the homes designed to create a modern aesthetic and layout.
The plan also included a shared space.
Rent for the new homes would be set at 80% of median market rent, reflecting that they will be newly built and provisioned, whilst in keeping with guidance from Hud on affordable housing according to a Council spokesperson.
The spokesperson said rents for the current portfolio of homes run by the Council were set at 65% of the market rate following a Council review in 2023, when they were lifted from between 30% and 44% of the market rate.
The new houses will be owned by the Council and the rental income received will be ring-fenced for the upkeep of the senior housing portfolio.