Government's infrastructure fund for housing accelerates
The IAF, administered by Kāinga Ora – Homes and Communities, closed the initial expressions of interest period on 20 August, after giving applicants a brief extension due to Covid-19 Alert Level 4 restrictions.
Kāinga Ora General Manager Commercial Group, Caroline McDowall says the fund has been very popular.
“We have received over 200 proposals for the IAF, with a great regional spread,” she says.
“This excellent response highlights how badly the funding is needed to jump-start developments and increase the pace of housing supply.”
The IAF was announced as part of the Government’s $3.8bn Housing Acceleration Fund in March 2021. The fund of at least $1bn is designed to allocate funding to infrastructure projects that unlock housing development in the short to medium term, enabling a meaningful contribution to housing outcomes in areas of need.