Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More
Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Community Housing Providers To Get Upfront Funding To Deliver New Builds Faster

Hon Dr Megan Woods

Minister of Housing

Hon Peeni Henare

Associate Minister of Housing (Māori Housing)

 

· Government backs CHPs with early-stage funding to deliver housing faster

· Builds on ‘progressive partnership’ approach with focus on new supply

Community Housing Providers (CHP) will now to be able to access up-front funding in the early stages of new build developments to help bring on more public housing at pace, the Housing Minister Dr Megan Woods has announced following a roundtable of CHP leaders in Wellington last night.

“Early stage funding brings forward some of the money Government already provides to CHPs over the course of a 25 year contract, so they can access it cover up-front costs associated with new build projects,,” Megan Woods said

“It will be of particular benefit to newer, smaller CHPs who may lack the asset base to secure funding to get new builds going.

“I want to make sure the timing of government payments best matches the requirements of each project on a case-by-case basis. This ensures access to funding doesn’t delay the development of new housing.

“This has been a simple request from the sector that will make a difference to the number of new builds CHPs can bring on.

“By front loading payments we can help more new builds get underway while still providing the same level of support to the CHP that we would over the lifetime of the project.

“We’re committed to using all the available levers we can to get more housing built. That’s why we’re taking a refreshed ‘progressive partnership’ approach with Community Housing Providers with a key focus on ‘building rather than buying’ and by providing greater funding flexibility we’re helping maintain a strong pipeline of new homes, now and into the future,” Megan Woods said.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

“Greater funding flexibility may well be of interest to Māori and Iwi Community Housing Providers as a pathway to enabling growth in their organisations. There are currently 18 Maori CHPs, or almost one third of the national total of 60,” Peeni Henare, Associate Minister of Housing (Māori Housing) said.

“A kaupapa Māori approach is crucial to addressing the housing crisis. The Government’s partnership with Māori CHPs underpins our place based and MAIHI approach to identify and prioritise the delivery of public housing and to deliver solutions that meet the immediate and long-term needs of whānau and communities in locations with highest need,” Peeni Henare said.

“The housing crisis won’t be solved overnight, and it can’t be fixed by the Government alone. It requires the mahi of many stakeholders and the progressive partnership between the Government and CHPs will ensure that CHPs continue to play a key role,” Minister Woods says.

“CHPs have an integral role to play in delivering public housing and often bring strong community connections, knowledge and expertise in delivering housing for New Zealanders in need. The government has made a number of changes to settings to enable CHPs to bring on new public housing supply and remains committed to working with the sector to improve housing outcomes for New Zealanders.

CHPs and Kainga Ora have delivered an extra 8,000 warm, dry public housing places since November 2017 taking total public housing places to 74,337. Of these, 6503 households are living in brand new homes. The total public and transitional housing funding provided to CHPs since November 2017 has more than tripled and as at March 2021 was $1.05 billion.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The US Opposition To Mortgage Interest Deductibility For Landlords


Should landlords be able to deduct the interest on the loans they take out to bankroll their property speculation? The US Senate Budget Committee and Bloomberg News don't think this is a good idea, for reasons set out below. Regardless, our coalition government has been burning through a ton of political capital by giving landlords a huge $2.9 billion tax break via interest deductibility, while still preaching the need for austerity to the disabled, and to everyone else...
More


 
 

Government: Concerns Conveyed To China Over Cyber Activity
Foreign Minister Winston Peters has confirmed New Zealand’s concerns about cyber activity have been conveyed directly to the Chinese Government. “The Prime Minister and Minister Collins have expressed concerns today about malicious cyber activity... More

ALSO:


Government: GDP Decline Reinforces Government’s Fiscal Plan

Declining GDP for the December quarter reinforces the importance of restoring fiscal discipline to public spending and driving more economic growth, Finance Minister Nicola Willis says... More

ALSO:


Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More


Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.