Articles tagged with Financing
New Infrastructure Funding Bill Boosts Housing Growth and Speeds Development
4 weeks ago | 148 viewsThe 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.
Tags: Chris Bishop Simon Court Infrastructure Funding and Financing Amendment Bill Milldale Housing Growth New Zealand Transport Agency KiwiRail Infrastructure Funding Development Levy GovernmentNew Zealand Government Advances Infrastructure Funding Reforms to Boost Housing Growth
4 weeks ago | 155 viewsThe New Zealand Government is advancing reforms to improve infrastructure funding and financing to support housing and urban growth, focusing on land supply, infrastructure, and growth incentives through its Going for Housing Growth programme. Key initiatives include introducing the Infrastructure Funding and Financing (IFF) Amendment Bill, replacing development contributions with a new development levies system, and proposing the Commerce Commission as the regulator for development levies to ensure fairness and transparency. Public consultation on these reforms runs until February 2026, aiming to create a flexible, consistent system that enables faster housing development and better infrastructure delivery.
Tags: Chris Bishop Simon Watts Scott Simpson Housing Minister Local Government Minister Commerce and Consumer Affairs Minister Infrastructure Funding and Financing Development Levies Commerce Commission New Zealand GovernmentNew Zealand Government Boosts Crown Liquidity Facility for Local Government Financing
1 month ago | 337 viewsThe Government is increasing and extending the Crown Liquidity Facility (CLF) for the New Zealand Local Government Funding Agency Limited (LGFA) to support local government borrowing. The CLF helps LGFA secure competitively priced financing for local authorities during exceptional circumstances. The facility, established in 2011 and never used, is being raised to $3 billion and extended to June 2037 to assist in financing critical infrastructure and public services.
Tags: Government Crown Liquidity Facility New Zealand Local Government Funding Agency Limited Finance Minister Nicola Willis financing infrastructure public services Global Financial Crisis councilsCHFA Launches $200 Million Bonds to Boost Affordable Housing Supply
3 months ago | 411 viewsHousing Minister Chris Bishop commends the Community Housing Funding Agency (CHFA) for launching $200 million in A+ rated bonds, making cheaper lending available for Community Housing Providers (CHPs) to deliver more social and affordable homes. The social bonds were well received by investors, demonstrating confidence in supporting social and affordable housing in New Zealand. The government is supporting CHPs by funding over 2,000 social homes and backing CHFA with a $150 million lending facility to help reduce borrowing costs and enable the delivery of more homes for less.
Tags: Chris Bishop Community Housing Funding Agency CHFA social bonds affordable housing social homes Community Housing Providers New Zealand Kāinga Ora financingRevitalizing the Property Sector: Updates on Market Cycles, Innovative Ideas, and Growth Opportunities in Queenstown
3 months ago | 412 viewsThe speaker expresses gratitude for being at an event in Queenstown hosted by the Property Council, emphasizing the importance of collaboration among various stakeholders in the property industry. They acknowledge the challenges faced by the construction and property sectors due to inflation and economic cycles but highlight government initiatives to support recovery, including reforms to streamline building processes. The speaker outlines key pillars of the Going for Housing Growth program and upcoming Resource Management Act reforms aimed at facilitating development and addressing infrastructure needs, concluding with a mention of City and Regional Deals as strategic partnerships to drive economic growth and housing development.
Tags: Leonie Freemen Minister Penk Shamubeel Eaqub Simplicity Reserve Bank Property Council Resource Management Act Going for Housing Growth Development Levies Infrastructure Funding and Financing Act