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.