Council prepared for Government investment

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2021-03-23T16:00:00

23 March 2021

Rotorua Mayor Steve Chadwick says today’s housing announcement is a welcome development to alleviate the housing crisis in Rotorua.

“This announcement has come at a critical time for Rotorua and I know that the preparation we have been doing in the housing space, as a Council and as a community, has put us in a great position to move quickly with the funding that will become available.”

“We have a very dedicated team here who have developed a comprehensive housing strategy that takes a holistic view of what the district needs to ease the housing challenges we face. Today’s announcement well and truly supports the preparation we have done and builds on the conversations we’ve been having with Government about the lack of suitable housing options and the impact a legacy of infrastructure deficit is having on our district.

“The investment will enable Council to act on what has been identified via the housing strategy – unlocking more land for development and ensuring new developments have infrastructure in place to support them.

“This additional funding for infrastructure will help to accelerate the conversations that we have already been having with iwi, landowners and potential investors about unlocking land and the specific funding for Kāinga Ora will provide more flexibility to explore and develop partnerships both with Council and in the private sector.

“We are seeing the effects of the strained housing market across the community and my hope is that these moves will help to restore an equilibrium in the market and enable people to own their own home, to invest in their future, and house families in thriving communities.”

Today’s announcement of the investment of $3.8billion will:

  • Unlock more land for housing development.
  • Support the provision of critical infrastructure needed for housing development.
  • Support delivery of a wider mix of housing (for ownership and rental) that is affordable for low-to-moderate income households

The housing package aims to increase supply and direct opportunities to first home buyers rather than speculators with the objective of delivering a more sustainable housing market.

The package includes a $3.8billion housing acceleration fund which includes funding for infrastructure and assistance for Kāinga Ora to access an additional $2billion.

Additional to financial investment the package provides extra support for first home buyers, an extension of the Apprenticeship Boost initiate to support trades training to ensure the construction sector is adequately resourced.

For more information about today’s housing announcement visit www.beehive.govt.nz/release/govt-housing-package-backs-first-home-buyers

Page reviewed: 23 Mar 2021 4:00pm