A nest, not a 'nest egg

Queenstown's revolution in affordable housing

Former Queenstown mayor Jim Boult chronicles his six-year battle implementing Inclusionary Zoning in a resort town where average homes cost $1.75 million. Witnessing Aspen's transformation into a place where workers can't afford to live, Boult championed policy requiring developers to provide affordable housing or land for community housing programmes. Despite fierce developer resistance and substantial legal costs, Queenstown pioneered the innovative Secure Home model, where families purchase homes on trust-owned land through peppercorn leases, eliminating capital gains speculation while building equity.

The trust has created 60-70 properties with a goal of 1,000. A self-described free-market believer, Boult argues housing requires intervention, pointing to New Zealand's declining per-capita housing production since Rogernomics. He calls for national legislation to relieve small councils bearing the fight's burden alone, warning that without action, Queenstown risks becoming another Aspen where community cohesion fractures and workers commute from satellite towns.

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