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

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

 

Community Housing Supply Boosted By $200m Impact Investment Joint Venture

Community housing sector peak body, Community Housing Aotearoa (CHA) is celebrating the news of a joint venture between Positive Capital, global investors Alvarium and KiwiSaver provider Pathfinder which will see 200 million dollars of funding become available to the community housing sector through a shared equity programme, which provides for up to 90% of the upfront cost of each home.

“This level of capital investment in the community housing sector is a game changer. It means up to 400 more affordable homes can now be built in communities that need them most. We thank the joint venture partners for their vision and Te Tūāpapa Kura Kāinga – Ministry of Housing and Urban Development for their support,” says CHA Chief Executive, Vic Crockford.

CHA’s 75 provider members house 30,000 people across 18,520 homes around the country.

“Our members are experts at delivering medium density, affordable developments that have local community at their heart. Having access to this level of funding is an important funding opportunity. It gives our members further impetus to build on their great work complementing Kāinga Ora and the private market supply by delivering even more long-term affordable homes for a range of people around the country.”

Positive Capital Chief Executive, James Palmer says that the fund is about bridging the gap between the ever-growing need for affordable homes and the money that is available in our finance system.

“New Zealand currently has around 25,000 households on the housing register who need a home. 70% of our rental market is receiving some sort of government subsidy. We want to be the bridge between that need, money and proven solutions” says James.

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.

“Housing is a human right and yet affordability continues to be a huge barrier for many 
New Zealanders to have any form of housing security. By investing directly into the community housing sector, we are confident we will see more people and more families in safe, dry and affordable homes.”


We Believe… 

Everyone needs a place to call home: Watch a video by the Auckland Community Housing Providers Network, supported by Community Housing Aotearoa. Hear first-hand how good, affordable homes give people hope, connection and stability: 

Alex (Salvation Army) 
Joan (Haumaru Housing) 
Mau and David (Housing Foundation) 
Christine (Haumaru Housing) 
Rozeena (Monte Cecilia Housing Trust

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines



Gordon Campbell: On Dune 2, And Images Of Islam


Depictions of Islam in Western popular culture have rarely been positive, even before 9/11. Five years on from the mosque shootings, this is one of the cultural headwinds that the Muslim community has to battle against. Whatever messages of tolerance and inclusion are offered in daylight, much of our culture tends to be hostile to Islam when we’re sitting in the dark, with popcorn.
Any number of movie examples come to mind, beginning with Rudolf Valentino’s role (over a century ago) as the romantic Arab hero in The Sheik...
More


 
 


Government: One-stop Shop Major Projects On The Fast Track

The Coalition Government’s new one-stop-shop fast track consenting regime for regional and national projects of significance will cut red tape and make it easier for New Zealand to build the infrastructure and major projects needed to get the country moving again... More

ALSO:


Government: GPS 2024: Over $20 Billion To Get Transport Back On Track
Transport Minister Simeon Brown has released the draft Government Policy Statement (GPS) on Land Transport, outlining the Coalition Government’s plan to build and maintain a transport system that enables people to get to where they need to go quickly and safely... 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.