Community-owned Masterton Trust Lands Trust (MTLT) yesterday announced positive financial results and a small increase in overall property portfolio value for the 12 months ended 31 March 2018. Read more
We regret that the usual grants to Masterton community groups are not currently available. The difficult decision not to offer community grants was made due to financial constraints caused by structural issues with some MTLT buildings.
Priority has been given to funding education - early childhood, schools and tertiary - and to the continued funding of Aratoi. Concessional rents for community groups will also remain.