Saturday, April 20, 2024

$1.4b to build on Auckland housing crisis

The Government has confirmed $1.4 billion funding for further infrastructure in five Auckland suburbs undergoing regeneration to support new and existing housing.

Housing Minister, Megan Woods said around 400 urban renewal projects in Mt Roskill, Mangere, Tāmaki, Oranga and Northcote will receive funding from the Government’s $3.8 billion Housing Acceleration Fund (HAF) to unlock more housing.

“For too many decades there has been too little investment in infrastructure like pipes and roads that allow new housing to be built. Getting land build-ready by funding infrastructure is a key way to fix the housing crisis we inherited after decades of inaction,” Dr Woods said.

“The Large Scale Projects (LSPs) underway in these suburbs are a first of their kind in New Zealand, replacing aged public housing that has reached the end of its life, and creating opportunities for new public, market and affordable housing to be built.”

The Minister said the $1.4 billion in HAF funding would develop build-ready land to enable up to 16,000 homes in the suburbs over the next 5 to 16 years.

“This work will allow for the replacement of around 4,000 Kāinga Ora homes past their use-by date, 2,000 additional Kāinga Ora homes, as well as 10,000 additional affordable and market homes to be built and available for purchase,” she said.

“It’s also estimated the infrastructure work will unlock potential for a further 11,000 new homes on surrounding privately owned land in these suburbs.

“Revitalising these suburbs through this investment has so many benefits; creating capacity for new homes, employment opportunities, improved water assets and a lot of potential for emissions reduction with the suburbs already being well served by public transport options.

“The housing crisis was decades in the making, and we are turning it around through housing policy reforms, and the largest Government investment since the 1970’s to get a lot more new housing built.”

The Minister said Auckland has an estimated housing shortage of more than 25,000 homes.

“This work will enable quality housing to be built where it is needed most. Together with Auckland City we identified these are places where more growth is wanted, with Auckland City also contributing to the cost of these works.”

Specific work programmes enabled by the funding are as follows:

  • The Mt Roskill site preparation work includes land decontamination and an upgrade of water infrastructure and addressing flooding issues on 62.8 hectares to enable approximately 5,400 homes.
  • The Tāmaki site includes decontamination work, transport, and water and storm water upgrades across 90ha ready for around 4,400 homes.
  • Mangere work includes decontamination works and water and storm water upgrades across 68ha for around 3,800 homes.
  • Northcote upgrades across 8.2ha will create build-ready land for around 1,200 homes.
  • Oranga infrastructure work across 15.6ha includes transport upgrades, including walking and cycling to create build-ready land for around 1,000 homes.

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