NZ Urban Development news from the media | 5 November | Hardship fund for Albert Street businesses to be established


Hi *|FNAME|*, Please find below Urban Development News from the media from the week of 5 November 2019.

Provided by Rockhopper

Hardship fund for Albert Street businesses to be established

The Government and Auckland Council have brought forward work on establishing a hardship fund for businesses in Auckland’s Albert Street to recognise the difficulty some have faced because of the delay in City Rail Link construction.

Transport Minister Phil Twyford said, “I can confirm that the Government has approved in principle a hardship fund set up to make ex-gratia payments for Albert Street businesses that meet certain eligibility criteria.

“Hardship grants will only be paid to businesses negatively affected by the delay in construction and the businesses will need to open their books to demonstrate they were commercially viable before the works started.

Roger MacDonald resigns from Panuku

Panuku Development Auckland Chair Adrienne Young-Cooper announced today that Roger MacDonald has resigned as Chief Executive and will leave the organisation in mid-November.

Mrs Young-Cooper says that during Mr MacDonald‘s tenure Panuku had made significant progress on numerous regeneration projects across the Auckland region.

“Roger’s experience delivering sustainable mixed-use development has been a considerable asset to Panuku as we continue to enable the growth of thriving centres across Tāmaki Makaurau including Manukau, Northcote and Onehunga,” says Mrs Young-Cooper.

High-density housing on the rise

The number of new high-density homes consented grew 22 percent in the September 2019 year, reaching 14,492 consented, Stats NZ said today.

High-density or multi-unit homes include apartments, townhouses, flats and units, and retirement village units. Growth of these outpaced that of stand-alone houses, which grew 6.1 percent between the last two September years.

Growth in the number of multi-unit homes helped push the total number of new homes consented to 36,446, up 12.0 percent from the September 2018 year. This is the highest since the October 1974 year, but is still below the record 40,025 new homes consented in the February 1974 year.

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