NZ Urban Development news from the media | 27 June 2023 | Labour delivers 12,000 more public homes

Labour delivers 12,000 more public homes

The Government has hit a major milestone with the successful delivery of over 12,000 additional public homes since October 2017, Prime Minister Chris Hipkins has announced.

“Our fast pace of delivery on public housing means on a yearly basis, this Labour Government is delivering the most public homes since the second Labour Government in the 1950s,” Prime Minister Chris Hipkins said.

“One in seven of all public homes in New Zealand have now been delivered by this Government.

“This is an impressive achievement, even more so when you consider that nearly ten thousand of them are brand new, warm dry homes.

“Our building programme has supported our economy in recent years, with 22,000 people involved in the building programme.

https://www.beehive.govt.nz/release/labour-delivers-12000-more-public-homes

Applications for existing build-to-rent developments to register for exclusion from the interest limitation rules close 1 July

Build-to-rent providers wishing to register existing developments for the exclusion must apply to Te Tūāpapa Kura Kāinga – Ministry of Housing and Urban Development by 1 July 2023. Registered developments will be able to claim interest costs relating to the associated developments.

From 1 July 2023, only new build-to-rent developments (built on or after 1 July 2023) will be eligible for the build-to-rent exclusion from the interest limitation rules.

Once approved, Te Tūāpapa Kura Kāinga – Ministry of Housing and Urban Development will record land on an internal register of build-to-rent assets and will share relevant information with Inland Revenue.

https://www.hud.govt.nz/news/applications-for-existing-build-to-rent-developments-to-register-for-exclusion-from-the-interest-limitation-rules-close-1-july/

Te Ara Awataha wins big at prestigious engineering awards

Te Ara Awataha project was awarded the Excellence in Water, Best Infrastructure Project over $5 million and Asset Management Excellence Supreme Award at the event in Rotorua, which was attended by representatives from Kāinga Ora and its civil works alliance, Piritahi.

Te Ara Awataha project, undertaken as part of the Kāinga Ora Northcote Large-Scale Project, embodies the spirit of collaboration with input from mana whenua, Auckland Council Healthy Waters, Eke Panuku Development Auckland, local businesses, community groups, schools, residents and volunteers.

Te Ara Awataha is the name gifted by Ngāi Tai ki Tāmaki to a 1.5km blue-green corridor linking existing parks, the town centre, schools and homes in Northcote. Described as ‘the backbone of the community’, the greenway connects people not just with their destination, but with nature.

https://kaingaora.govt.nz/news/te-ara-awataha-wins-big-at-prestigious-engineering-awards/

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