The New Zealand Housing Acceleration Fund will aim to increase the supply of houses and improve housing affordability. It will be used to accelerate developments on vacant Crown land and support the delivery of housing for low to moderate income households. The Fund will focus on priority locations and will be complemented by the Kāinga Ora Land Program, which will purchase land to accelerate the delivery of diverse housing developments.
The project consists of two components:
- an infrastructure fund to oversee a mix of private sector-led and government-led developments, and
- additional funding for the Land for Housing Program.
Key Dates
| Mar 2021 | Project Announcement |
Funding contributions
| NZ Government |
PROJECT HISTORY
| Mar 2021 | The NZ Government established the NZ$3.8 billion (A$3.5 billion) Housing Acceleration Fund. |
| May 2021 | The Housing Acceleration was fully funded in the FY2021-22 budget. |
Estimated Total Cost
(2021)
Sector
Social
Procurement approach
Unconfirmed |
Location
New Zealand |
Resources
