The other sites include $14.5 million on Collie Dr, $2.375 million on 1446 to 1460 Pukuatua St and $580,000 at 47 Roger St in Pukehangi.
Kāinga Ora has also spent $8.73 million on new buildings during the same period, including in Victoria and Fairy Springs.
The figures have been released following an Official Information Act request by Rotorua resident Renee Kiriona, who has supplied the information to the Rotorua Daily Post.
The land at 54 Devon St is 1280sq m. Kāinga Ora has told the Rotorua Daily Post it paid $650,000 for the land, which it said was "in line with the independent market valuation carried out as part of the due diligence process".
According to the property's records, it has a September 2020 rateable value of $685,000 and a land value of $385,000.
Kāinga Ora regional director Darren Toy told the Rotorua Daily Post the Government department didn't pay more than 5 per cent above independent market valuation for a property.
The site, which was land only as the previous dwelling had been removed, was valued by a registered valuer on January 25, 2022 and the site was valued at $650,000, he said.
The new Devon St development being considered is made up of six two-storey homes with four of them being two-bedroom terrace homes and two three-bedroom duplexes.
The development cost of the Devon St homes is expected to be $4.3 million.
In a letter sent to Devon St residents recently, Kāinga Ora said 54 Devon St had been bought to help "meet the urgent need for more warm, dry and modern homes in Rotorua".
The letter said the houses were well located for schools and community facilities and would be for people in need of a long-term place to call home.
It said the homes would be modern, warm, dry and would be fully insulated with carpets, curtains, double glazing and energy efficient.
It would match the homes to people on the Ministry of Social Development's Housing Register, giving priority to those in greatest need.
The letter said a key focus in settling into new homes was ensuring residents understood their responsibilities of being good neighbours and connecting with their communities.
It said it was also looking at new ways of supporting its customers and helping them to connect to support services they needed.
No timeframes were given but the letter said it would keep neighbours informed once it had applied for resource consent later this year.
Nearby resident Vince Taylor said he had lived at his home for 30 years and was naturally a little apprehensive.
"I have got another house out by the airport and the plan is to sell this place and get the hell out of here."
He said his main concerns were whether the infrastructure in an established area could handle the extra houses and who Kāinga Ora would put in the homes.
Another neighbour Elly Van Wolfer wasn't too worried.