National’s Housing Growth Plan
Chris Bishop announced National’s plan top grow the housing supply. The three main elements are:
- Unlocking land for housing – Councils will be required to zone land for 30 years’ worth of housing demand immediately. Councils will be able to opt-out of the Medium Density Residential Zone law but central government can over-ride councils to ensure they set aside enough land to meet demand targets.
- Infrastructure financing tools – Reduce red tape for developers to fund infrastructure. Allow targeted rates to fund Greenfield developments so councils don’t need to fund greenfield infrastructure from their balance sheets.
- Housing performance incentives for councils – A $1 billion fund for Build-for-Growth incentive payments for councils that deliver more new housing – funded by stopping existing programmes like KiwiBuild. Councils will get $25,000 per house delivered on top of their five year average.