Ensuring more affordable homes are being built for every generation
In March 2021, the Government committed $3.8 billion to the Housing Acceleration Fund to unlock a mix of private-sector-led and government-led housing developments.
We played an important role in the fund’s development. This included identifying the underlying issues and using our place-based partnerships and connections across government to develop a solution to address supply issues across Aotearoa.
Ko te Kaupapa Kaitā ki Porirua ki te Rāwhiti te kaiwhiwhi tuatahi mai i Te Tahua Whakahohoro Hanga Whare |Eastern Porirua Large Scale Project is the first recipient from the Housing Acceleration Fund
In July 2021, $136 million of the Housing Acceleration Fund was allocated to the Eastern Porirua Large Scale Project managed by Kāinga Ora. The funding will significantly boost the project by helping to tackle the current poor quality of trunk water infrastructure and enabling land redevelopment for new housing in and around Cannons Creek East.
The investment will fund three projects: a new sewer pipe through Bothamley Park, a new water reservoir and a stormwater project to address flooding. This will improve the resilience and capacity of the water supply network in Eastern Porirua and significantly reduce the discharge of raw sewage into waterways including the harbour, which is of cultural, historical, and spiritual significance to Ngāti Toa Rangatira.
Ngāti Toa Rangatira and Porirua City Council are partners in this regeneration project, which will future proof essential water services for most of the 19,000 existing residents in Eastern Porirua and provide the infrastructure needed to build more homes. It is estimated the work may create up to 250 jobs over the next few years.
Te Tahua Progressive Home Ownership | Progressive Home Ownership Fund
Some households that do not need the level of support provided by public housing, still face barriers to home ownership. We provide targeted help to first home buyers and other disadvantaged households to purchase a home. As house prices have increased, families who would once have bought a home have been priced out of home ownership. Given the gap between house prices and what is affordable, many will face challenges in purchasing a home in the future.
The Progressive Home Ownership (PHO) Fund is a $400 million investment that will help between 1,500 and 4,000 individuals, families and whānau buy their own homes.
We have taken a staged approach to the PHO Fund. We started with initial funding of $39 million to support people to buy their own homes. In the first phase, we worked with four well-established
housing providers that already provide progressive home ownership to their communities to support more individuals, families and whānau. For example:
- New Zealand Housing Foundation will help 78 families into home ownership in Auckland, through its Shared Ownership Programme.
- Queenstown Lakes Community Housing Trust will help 25 families into home ownership in Queenstown, through its Secure Home leasehold scheme.
- Manawa PHO Limited (the housing arm of Ngā Pōtiki ā Tamapahore Trust) will help 30 families into home ownership in Pāpāmoa, through its Shared Equity scheme.
- Habitat for Humanity New Zealand will help 33 families own their own home in Auckland, Hamilton and Nelson, through its rent-to-buy scheme.
As of 30 June 2021, 46 families had moved into homes in Auckland, Hamilton and Queenstown with support from the PHO Fund. The second phase of the PHO Fund was launched in May 2021, and contracts will be announced in September 2021. The Government direct to household pathway will be launched as part of phase three of the fund in 2021/22.
More information about PHO, including funding pathways and accessing PHO funding is available on our PHO page.
Published: November 24, 2021