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.
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.