A new housing development proposed for an 11-hectare site in Hawke’s Bay has received Fast-track approval.
In July last year, CDL Land NZ Limited lodged its application to provide up to 200 new homes as part of the Arataki subdivision in Havelock North.
Infrastructure Minister, Chris Bishop said the project is expected to generate around $78 million in investment and create approximately 629 jobs over the five-year development period during construction.
“This project will be very important for the people in Hawke’s Bay. It will create work for local people, bring investment into the area, and deliver more homes for families choosing to build their lives in the area,” said the Minister.
“Housing affordability continues to be a challenging issue for the people of Hawke’s Bay. Over the last 10 years, house prices in Hawke’s Bay increased by 134% and rental prices increased by 86%.
“Hawke’s Bay is another example of how the supply of homes has not kept up with growth. This means locals and temporary workers struggle to find affordable housing.
“This development of hundreds of homes will make a real difference in Hawke’s Bay, where demand for housing is high.”
The development is the sixth Fast-track housing project and 11th project overall to be approved through the Government’s Fast-track system.
For more information about the project: Arataki.
