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Three Community Housing Providers have been given the opportunity to present formal proposals to take over up to 2500 Housing New Zealand properties and tenancies in Christchurch, the Government announced today.

This follows an invitation in April for Expressions of Interest from Community Housing Providers interested in participating in the proposed transfer, centred on the suburbs of Shirley, Bryndwr and Riccarton.

Associate Finance Minister Amy Adams will travel to Japan today to attend the 50th Asian Development Bank Annual Meeting in Yokohama.

The Asian Development Bank was established in 1966 to boost social and economic development across Asia. It is now focused on reducing poverty and improving the quality of life in Asia and the Pacific.

The 50th Asian Development Bank Annual Meeting is held from 4 – 7 May and will allow members to discuss regional and global risks, and exchange views on current challenges and the global economic outlook.

New Zealand’s first social bond will help around 1,700 people with mental illness into work, Finance Minister Steven Joyce and Social Investment Minister Amy Adams say.

“The social bond approved by Cabinet in December 2016 has successfully raised the required finance so is now operational as New Zealand’s first social bond,” Mr Joyce says.