About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, November 12th, 7:02AM
rss
Latest Headlines

New Government housing agency established

It’s official: the Government’s new urban development and housing authority, Kāinga Ora, has been given the go-ahead after the necessary legislation passed its third reading in Parliament this week.

Friday, September 20th 2019, 1:03PM

by The Landlord

The Kāinga Ora – Homes and Communities Bill brings together Housing New Zealand (HNZ), its development subsidiary HLC, and the KiwiBuild Unit to establish a single Crown agency, which will be responsible for housing and urban development nationwide.

Urban Development Minister Phil Twyford says the intention is to create a one stop shop that will build thriving communities with a diverse mix of public, affordable and market housing.

“It will end the duplication, splitting of key roles, fragmented decision-making and limited coordination that occurred over recent years because house building programmes were spread across multiple agencies.”

Kāinga Ora will have two key roles: being a world-class public housing landlord and working in partnership to enable, facilitate and build urban development projects of all sizes.

Twyford says the agency will work closely with developers, iwi, local and central government and non-profit organisations to facilitate the development of urban environments where people want to live, work and play.

“Kāinga Ora is set up so it can work alongside others in a wide variety of ways – enabling and complementing, rather than competing with, the private sector. This will include working with the development sector on large scale urban development projects.”

Alongside this, the Government will be introducing companion legislation later this year to give Kāinga Ora the ability to undertake specified development projects.

These will be essential and complex projects that would struggle to progress under standard development processes, Twyford says. “Kāinga Ora will have a tool-box of powers to help housing and urban development be built at scale and pace.”

The new agency had long been intended to be a key part of the Government’s KiwiBuild programme. But, in the wake of the recent KiwiBuild reset, it is likely to gain greater prominence as the KiwiBuild Unit comes under its mandate.

Kāinga Ora, which will not be required to return a surplus to the Government, will become operational on October 1.

It’s worth noting that urban development is a key part of the Government’s plans in this area. To that end, the Government released its proposed National Policy Statement on Urban Development, which aims to tackle restrictive planning laws, last month.

Read more:

Rent-to-buy scheme key to KiwiBuild II 

New policy to address “failing cities” 

Tags: construction developers house prices housing market housing shortage planning property investment supply urban development

« Free Investment Property Showcase Events: Auckland, Wellington and ChristchurchLodge bonds or expect a penalty »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.05 3.95 4.49
ANZ Special - 3.55 3.45 3.99
ASB Bank 5.20 4.05 3.95 4.39
ASB Bank Special - 3.55 3.45 3.89
BNZ - Classic - 3.55 3.45 3.99
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.19 3.19 3.19
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 5.95 - - -
Credit Union Baywide 6.15 4.95 4.95 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
HSBC Premier 5.24 3.35 3.35 3.35
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 4.04 3.95 4.39
Kiwibank 5.80 4.30 4.20 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.55 3.45 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
Pepper Money Near Prime 5.64 - 5.44 5.44
Lender Flt 1yr 2yr 3yr
Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 4.86 3.89 3.94
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - ▼3.55 3.39 3.89
Sovereign 5.30 4.15 4.29 4.55
Sovereign Special - 3.65 3.75 4.05
The Co-operative Bank - Owner Occ 5.15 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
TSB Bank 6.09 4.35 4.25 4.69
Lender Flt 1yr 2yr 3yr
TSB Special 5.29 3.55 3.45 3.89
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Westpac - Offset 5.34 - - -
Westpac Special - 3.55 3.45 3.99
Median 5.34 4.04 4.09 4.39

Last updated: 11 November 2019 4:01pm

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com