Affordable Housing Fund

The Affordable Housing Fund will support the development of new, affordable homes for low-to-moderate income people and whānau, in locations facing the biggest housing supply and affordability challenges.

The $350 million investment will help grow the affordable housing sector, which is critical to addressing the needs of New Zealanders who struggle to meet the cost of a market rental but can’t access public housing.

Funding pathways

The Affordable Housing fund has two pathways, the Affordable Rental Pathway, and the Build-ready Development Pathway.

Affordable Rental Pathway  

 The Affordable Rental Pathway offers grant funding to not-for-profit organisations to deliver newly built affordable rental housing.  

Not-for-profits include organisations such as community housing providers, iwi and Māori housing providers, councils, and charitable trusts. 

See more details about the Affordable Rental Pathway.

Build-ready Development Pathway

The Build-ready Development Pathway helps to secure affordable housing in build-ready developments that might not go ahead without government support.

For eligible build-ready developments, where construction hasn’t started, we can work with developers, by either:

  • purchasing land under a government land acquisition programme; or
  • prepurchasing or underwriting homes ‘off the plans’ to reduce risk for developers and their financiers.

See more information about the Build-ready Development Pathway.

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