More flexible unreinforced masonry fund announced
Hon Jenny Salesa
Minister for
Building and Construction
MEDIA STATEMENT
Further changes have been made to the $4.5 million Unreinforced Masonry Buildings Securing Fund (URM Fund) for large and complex buildings that require securing work.
“These changes to the URM fund support building owners to complete important securing work in order to reduce risks to public safety in the event of another significant earthquake in the region,” says Minister for Building and Construction Jenny Salesa.
“The more flexible nature of the URM fund will provide certainty for building owners with large and complex buildings.”
Buildings that are defined as large and complex can now apply to receive up to $65,000 for securing work. This is an increase from the previous funding cap of $25,000.
The newly created definition of large and complex buildings is, buildings that are three storeys or more. These types of buildings require more remedial work to be secured than buildings two storeys and under.
“Changes to the URM Fund are in direct response to feedback from councils and building owners in affected areas. We recognise the fact that owners of large and complex buildings have greater costs, and are responding to this need.
“The new funding cap will help building owners to find the best and fastest solutions to securing their buildings,” says Ms Salesa.
Size of URM buildings to be secured | New cap |
Buildings three storeys or taller | $65,000 |
Building two storeys or under | $25,000 |
Building owners who were issued a notice under section
124 of the Building Act 2004 (in relation to unreinforced
masonry buildings with street-facing parapets and facades)
from their local council and who wish to access funding for
the work can find more information at www.building.govt.nz
Notes:
This change is in
addition to those announced before Christmas that
includes:
• up to $25,000 to secure either a single
parapet or façade, or both (instead of $10,000 for a
parapet and $15,000 for a façade)
• funding for work
to remove non-heritage unreinforced masonry parapets and
facades
• raising the funding cap to secure large and
complex unreinforced masonry buildings.
• Building
owners can also apply to MBIE for funding towards the cost
of an engineering assessment as soon as they receive an
invoice from their engineer, rather than once all work has
been completed.
Cabinet is expected to decide in early March on the proposed change to legislation required to extend the time building owners have to comply before penalties are applied.