Stormwater key focus of funding applications
Infrastructure Acceleration Fund
The Infrastructure Acceleration Fund (IAF) is a key component of the Government’s $3.8 billion Housing Acceleration Fund announced in March 2021. It is a contestable fund for investment in enabling infrastructure to support new housing supply throughout Aotearoa.
Infrastructure Acceleration Fund application areas:
Western
- $61.55million funding sought
- Estimate of up to 1320 new dwellings
- Four major stormwater detention ponds with wetlands
- upgrades to stormwater pipe network
Central
- $28.54million funding sought
- Estimate of up to 1765 new dwellings
- Direct water towards the east (away from Utuhina Stream) by upgrading Tilsley Street pump station
- upgrades to stormwater pipe network
Eastern
- $23.76million funding sought
- Estimate of up to 2151 new dwellings
- Construction of three detention ponds with wetlands
- Additions to the stormwater network
- Realigned existing channels and culvert upgrades
Key information
- Council and partners have identified through the Homes and Thriving Communities Strategic Framework that Rotorua has a housing shortage of approximately 1500 – 1750 homes. This deficit is just want is required to meet the needs of the existing community.
- It is now projected that Rotorua will need 6000 new homes by 2030, of which 4260 will be needed by 2026. A significant number of these home will need to be public housing.
- Latest results (30 June 2021) show there are 24,475 applicants on the housing register in New Zealand. 741 of those people are in Rotorua (3%). View more info here
- In 2012, when the current operative District Plan was notified, the population in Rotorua was forecast to decline. However, since 2013 the population has increased by 8850 people (12.9%).
- Median house sales prices have increased by $320,000 (120%) to $585,000 since 2013. In the same time period, median rents increased $210 per week (84%) to $460 per week.
- 66% of household growth over the next 10 years will be in smaller household types such as single occupants or couples. There is a lack of smaller type housing typologies to suit these household make ups.
- There are currently 650 renting superannuitants receiving the Accommodation Supplement who are paying unaffordable rents (rent more than 30% of their income).
See the report to the Strategy, Policy & Finance Committee about Council’s IAF applications in the meeting agenda HERE – go to p24.
Read more about Council's work on the Rotorua Housing Taskforce HERE.
View the presentation slides relating to this matter HERE on Council’s website.
Today’s meeting was livestreamed and you can go directly to this portion of the meeting recording via THIS LINK (please note the video will be available once the confidential section of the meeting has concluded).