ANZ Bank, investment firms back $100 million social housing fund

A major bank as well as investment firms have purchased bonds in an affordable housing fund, which is more than halfway to reaching its $100 million goal, Stuff reports. The bond scheme called The Aotearoa Pledge is being managed by Community Finance, which works to raise private and philanthropic capital for social and affordable housing built by community housing providers. The pledge is its most ambitious plan yet, and investors include ANZ Bank, Waikato’s WEL Energy Trust, Generate KiwiSaver, Pathfinder Asset Management, Forsyth Barr and the Lindsay and Claire charitable foundations.