National’s Housing Growth Plan

Chris Bishop announced National’s plan top grow the housing supply. The three main elements are:

  1. 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.
  2. 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.
  3. 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.

Comments (55)

Login to comment or vote

Add a Comment