Government Launches $400M Incentives Fund to Boost Housing Growth and Support Councils

The New Zealand Government is investing $400 million over four years in the Incentives for Growth Fund to encourage local councils to support housing growth by providing payments tied to the number of new home consents they approve. This fund aims to transform housing development from a cost burden into a revenue opportunity for councils, helping them finance necessary infrastructure and services ahead of population growth. The initiative is part of the broader Going for Housing Growth programme, which seeks to reform planning laws, improve infrastructure funding, and align council incentives to better address the country’s housing crisis.