Articles tagged with Milldale

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New Amendments Boost NZ Infrastructure Funding to Support Housing Growth

The Infrastructure Funding and Financing Amendment Bill passed today enhances the existing Act by simplifying processes, broadening eligible projects, and allowing operational costs to be funded through levies, addressing previous barriers that limited its use. This legislation enables private investment to fund essential infrastructure, such as roads and water services, with repayments made via levies on benefiting properties, thereby supporting housing growth and economic development. The changes aim to accelerate infrastructure delivery, provide greater certainty for developers, and ensure that growth is sustainably funded, aligning with the Government’s broader Going for Housing Growth programme.

Sunfield Masterplanned Community Approved: 3,854 Homes Boost Auckland Growth

The Sunfield Masterplanned Community in Auckland, approved through the Fast-track system, will deliver approximately 3,854 new homes, a town centre, healthcare services, retirement villages, and extensive green spaces, generating up to $3.2 billion for the economy and creating thousands of jobs. The approval process took 10 months, with concerns about infrastructure capacity addressed through development design and consent conditions ensuring growth funds its own infrastructure needs. This project marks the seventh housing development approved via Fast-track, highlighting the system’s effectiveness in accelerating major projects to support housing supply, jobs, and growth in Auckland.

New Infrastructure Funding Bill Boosts Housing Growth and Speeds Development

The Infrastructure Funding and Financing Amendment Bill aims to ease development by enabling upfront financing of growth infrastructure, allowing properties benefiting from development capacity to be levied, thus overcoming council funding constraints. The amendments will broaden project eligibility to include agencies like NZ Transport Agency and KiwiRail, remove bureaucratic barriers, and ensure faster decisions with fewer vetoes to accelerate infrastructure delivery. These changes support the Government’s Going for Housing Growth Programme by providing flexible funding tools that help both planned and unplanned infrastructure meet housing demand.

Milldale Housing Project Approved: Boosting Auckland Region Development

Infrastructure Minister Chris Bishop and Regional Development Minister Shane Jones have approved the Milldale housing project in Wainui, Auckland, which is expected to provide 1100 residential allotments and inject $595 million into the region over three years. The project aims to address housing shortages by creating jobs and streamlining development processes through the Fast-track Approvals Act. Minister Jones is collaborating with Minister Bishop on legislative changes to expedite regional housing projects and other developments in the pipeline.