NZ Urban Development news from the media | 19 October 2021 | Government infrastructure fund moves to next stage

Government infrastructure fund moves to next stage

Housing developments throughout the country are one-step closer to fruition this week, as more than 80 proposed developments from councils, iwi and developers go through to the next stage of the Government’s Infrastructure Acceleration Fund (IAF).

The IAF, a contestable fund of at least $1 billion, is designed to allocate funding for key infrastructure, enabling housing development in the short to medium term. The administrator of the fund, Kāinga Ora, recently concluded its initial evaluation of applications with results communicated to applicants on Friday 15 October.

Successful councils, iwi and developers are now invited to submit a more detailed response to a request for proposal (RFP) invitation before the end of the year.

https://kaingaora.govt.nz/news/government-infrastructure-fund-moves-to-next-stage/

Green light for Amberfield development in Hamilton's south

The go button has been pushed on a 1000-plus home development in Hamilton’s south.

In a much-anticipated ruling, the Environment Court has granted resource consent to the Amberfield development in Peacocke – an area earmarked to soak up a lot of the city’s growth in coming decades.

And city leaders have embraced the ruling, saying the 109 hectare project will not only help address Hamilton’s chronic housing shortage but also rejuvenate nearby suburbs.

https://www.stuff.co.nz/waikato-times/business/126673111/green-light-for-amberfield-development-in-hamiltons-south

Work restarts on $70 million residential complex in central Christchurch

In mid-2015 a consortium led by Sir Bob Parker proudly announced it would build a $70 million-plus upmarket apartment complex overlooking Christchurch’s Cranmer Square.

Progress has since stopped and started and designs have been redrawn. Parker and other investors have bowed out of the project, and co-owner Jianping Wang’s company, Huadu International, has upped his stake.

Six years later the land remains bare, but groundworks are about to start again.

Huadu, now the sole owner of the project, says residents will be in their new homes by late next year.

https://www.stuff.co.nz/the-press/business/126665149/work-restarts-on-70-million-residential-complex-in-central-christchurch

Applications for Whai Kāinga Whai Oranga open

Applications for Whai Kāinga Whai Oranga investment open on 20 October through Te Tūāpapa Kura Kāinga – Ministry of Housing and Urban Development and Te Puni Kōkiri.

The fund provides $730 million of investment and support for Māori to determine their own housing solutions. The investment combines previously announced funding from Budget 2021 ($380m) and the Māori Infrastructure Fund ($350m).

https://www.hud.govt.nz/maihi-and-maori-housing/whai-kainga-whai-oranga/