Tauranga Moana Te Puke Housing Consortium and Accessible Properties Ltd will both bid to take over 1124 state houses in Tauranga - with one proposing to create a doctor's surgery and vibrant community centre in Merivale.
Last week, Housing New Zealand Minister Bill English and Social Housing Minister Paula Bennett called for expressions of interest from Community Housing Providers to transfer social housing in Tauranga and Invercargill under the Government's Social Housing Reform Programme.
Accessible Properties chairman Paul Adams (pictured) said it was looking to purchase the entire Tauranga portfolio and would work with other social agencies to provide support services.
Accessible Properties Ltd, which is owned by IHC, was the largest non-governmental organisation involved in social housing and the IHC had been in the business for nearly 60 years. It had about 1200 homes around New Zealand, he said.
That meant it had "the ability to fund the purchase of something like the Tauranga portfolio and even further afield like Auckland".