Information for property developers

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KiwiBuild is supporting property developers to build affordable housing for eligible KiwiBuild buyers.

Incentives to partner with KiwiBuild

KiwiBuild is a multi-billion dollar programme to be delivered over the next 10 years. It provides incentives for property developers to build more affordable homes, faster.

The incentives are provided in a number of ways, including:

  • reducing risk for developers by underwriting homes in new developments
  • making land available for development
  • integrating affordable housing into major urban development projects.

Criteria for developers

KiwiBuild needs to ensure the right developers are engaged to build quality homes for New Zealanders. To be part of our initiative we consider:

  • the developer's track record and financial capacity
  • what market there is for the product offered
  • whether the proposed price is market-competitive
  • whether the development is in a priority area
  • whether the proposed development meets KiwiBuild objectives and aligns with the KiwiBuild brand.

Land for Housing

The Land for Housing programme aims to increase the supply of new dwellings and to increase the pace of developments, in collaboration with iwi/hapū and private developers.

The programme:

  • identifies vacant or under-utilised land that is suitable and available for housing development
  • acquires available land in suitable locations, whether from Crown agencies or from private vendors
  • on-sells that land to developers, who use their own capital to develop the land
  • requires each site be developed subject to conditions that facilitate the construction of dwellings to increase and accelerate housing supply

Across the Land for Housing programme the Government’s objective is to make:

  • 20 percent of the dwellings available for public housing, and
  • a further 40 percent at (or below) the KiwiBuild price points

The Land for Housing programme expands the former Crown Land Development programme, to make it national and provide scope to acquire either private or Crown land.

Development partners for Land for Housing

Three panels of private developers have been established to take up any development opportunities that do not fall to iwi under the Land for Housing programme.

Low densityMedium densityHigh density
Fletcher Residential Ltd Ockham Residential Fletcher Residential Ltd
The Neil Group Ltd Fletcher Residential Ltd Classic Group Ltd
Classic Group Ltd Classic Group Ltd Urban Growth Partners

 

Buying off the Plans

The Buying off the Plans initiative involves the Government underwriting or purchasing new homes off the plans that the private sector or others are leading, in exchange for accelerating a greater number of affordable KiwiBuild dwellings.

A common challenge faced by developers is the need to sell a significant portion of dwellings off the plans in order to secure funding for construction, which means that developments can sometimes stall or be put on hold.

The Buying off the Plans initiative involves the Government giving developers the certainty and backing they need to deliver suitable developments that would not otherwise proceed or to deliver developments at a greater pace than initially planned, in exchange for accelerating a greater number of affordable, KiwiBuild dwellings.

Partner with us

If you're a builder, land developer, end-to-end developer or manufacturer visit our partnering opportunities page for invitations to participate or pitch.

Partnering opportunities

 

Contact us

If you would like more information about partnering with KiwiBuild 

Email: info@kiwibuild.govt.nz

Contact Centre: 0800 521 107

Published: October 1, 2018

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