Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Community Housing calls for commitment to investment plan

Community Housing Aotearoa calls for commitment to investment plan

Community Housing Aotearoa says meeting the $5 billion cost of building 15,000 new modern, dry, affordable homes over the next five years is achievable, but will require buy-in from all parties.

At its conference in Nelson today (July 3), Director Scott Figenshow announced to delegates an investment plan on how the $5 billion capital required over five years would be achieved.

“What we’ve developed is a structure where the cost is met through three different sources – debt, land contributions and grants,” he says.

Under the Community Housing Aotearoa plan, $2.5 billion would be raised through low cost, low risk debt, such as a housing bond with some form of guarantee. These bonds would generate new capital from investors, philanthropies and other community sources – not government.

A further $1.25 billion would come from land contributions, using a mix of crown land, special housing areas, local authority land and value gained from intensification of existing land.

“For example, a Housing New Zealand property that has a three bedroom home on a half acre section could be removed to make way for two or three smaller units on that same block of land,” Scott Figenshow says.

The remaining $1.25 billion would come from government grants, equating to a contribution of approximately $250 million per year.

“We know Housing New Zealand returned $170 million to the government in dividend and tax in the 2013 financial year, so if that was committed to this social housing plan it would immediately provide two-thirds of the $250 million a year needed from government.”

Scott Figenshow says the Community Housing Aotearoa plan highlights the need for everyone involved to work together in order to meet the demand for 15,000 new homes over the next five years.

“Government alone can’t do this, nor can the sector and private development in isolation achieve this goal. What we need is a commitment from all sides to make this plan happen, to get New Zealanders without a home, or living in sub-standard conditions, into warm, dry modern houses.

“This plan not only puts New Zealanders into desperately needed affordable homes, it also reduces the cost on the health system and generates social and economic benefits to the greater community,” he says.

New Zealand is fortunate to have a prebuilt design and construction sector that is well-placed to respond with the rapid delivery of high quality permanent housing, on time and on budget, Scott Figenshow says.

Community Housing Aotearoa’s partner PreFabNZ illustrated this to conference delegates yesterday (Wednesday, July 2) when it gave a tour of the Nelson Pine factory, displaying the very latest timber manufacture in operation.

“CHA agrees with PreFabNZ that we need a contracting and procurement approach that enables the sector to commit to 300 homes at a time to unlock the value chain available through the prefab sector,” he says.

[ends]

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

'Tea Break Bill' Passes: Gordon Campbell On Bad Labour Laws And Poor Safety

By co-incidence, one of the prime dangers of the government’s new employment relations law has been underlined by the release of the death and injury statistics among workers at New Zealand ports. These are highly profitable enterprises for the port owners.

The Port of Tauranga for instance, is expecting its current full-year profit to be between $78 million and $83 million and other ports are enjoying similar boom times – but they are also highly dangerous places for the people who work on or around the port premises. At the Port of Tauranga, there have been 26 serious accidents since 2011, and two deaths. More>>

 

Parliament Today:

No Charges: Outcome Of Operation Clover Investigation

Police have completed a multi-agency investigation, Operation Clover, into the activities of a group calling themselves “The Roast Busters”. The 12 month enquiry focused on incidents involving allegations of sexual offending against a number of girls in the Waitemata Police district and wider Auckland area... More>>

ALSO:

UNICEF Report: NZ Cautioned On "Stagnating" Child Poverty

An international report by UNICEF has found that child poverty rates in New Zealand have barely changed since 2008, despite similar sized countries significantly reducing child poverty during the recent recession. More>>

ALSO:

Funding Report: Two Pathways For Transport In Auckland

Commissioned by Auckland Council, the group was asked to investigate two possible pathways for raising $300 million per year ($12 billion over 30 years) to pay for the improvements needed to help fix Auckland’s transport system. More>>

ALSO:

Pay Equity: Equal Pay Win In Court Of Appeal

CTU: The Court of Appeal has made a historic decision paving the way for a substantial equal pay claim for aged care workers. More>>

ALSO:

Gordon Campbell: On The TPP Finishing Line, And Amazon’s Woes

If the Trans Pacific Partnership trade deal wasn’t such a serious matter, this would be pretty funny… More>>

ALSO:

TV3 Video: Three Die On Roads Over Labour Weekend

The official holiday period ended at 6am Tuesday, with three deaths on the roads during the Labour Day weekend. More>>

Employment Relations Bill: Govt Strains To Get Tea Break Law Through

The Government has been left with egg on its face - failing to get its much-vaunted, but hugely unpopular, meal break law passed in the first week of its new term, Labour spokesperson on Labour Issues Andrew Little says. More>>

ALSO:

Guns: Police Association Call To Arm Police Full Time

"The new minister gave his view, that Police do not need to be armed, while standing on the forecourt of parliament. The dark irony was that the interview followed immediately after breaking news of a gunman running amok in the Canadian parliament in Ottawa..." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news