Government Invests $4M for Bisset Road Social Housing Infrastructure in Kaikohe
The Government is investing $4 million from the Regional Infrastructure Fund to support essential infrastructure for the Bisset Road social housing project in Kaikohe, which will provide up to 100 affordable rental homes with rents capped at 80 percent of market rates for 25 years. The project, led by Te Hau Ora o Ngāpuhi Limited, aims to create local jobs, apprenticeships, and strengthen regional supply chains by using local timber and contractors. Additional funding includes a $29.7 million grant from the Ministry of Housing and Urban Development and a $13.6 million loan from Community Finance, with infrastructure work underway and the entire development expected to finish by 2027.