Housing Infrastructure Fund
Housing Infrastructure Fund
The Housing Infrastructure Fund (the Fund) is a $1 billion fund that provides ten year interest free loans to high growth councils for fund core infrastructure to support housing development and increase housing supply.
In February 2018 Minister of Urban Development and Transport, Hon Phil Twyford, announced that Hamilton City Council’s request for $290 million of the Fund had been formally approved.
This announcement followed the 2017 Government announcement of an ‘in-principle’ allocation of the $1 billion Fund. The initial allocation was the result of a comprehensive analysis of the business cases for 14 proposals and recommendations to Government by the Fund’s Independent Advisory Panel (The Panel).
In July 2018 a further $248 million of the Fund was approved for Tauranga City, Waikato District and Queenstown Lakes District Councils.
The approved projects, as at July 2018, are:
|Hamilton City Council||$290 Million||A new residential development at Peacockes in Hamilton||8,100 houses|
|Tauranga City Council||$52 Million||Upgrade to the Te Maunga Wastewater Treatment Plant||Combined - 35,000 houses across Tauranga City|
|$106 Million||A new ‘Waiari’ water treatment plant|
|Waikato District Council||$38 Million||Residential development at Te Kauwhata||2,790 houses|
|Queenstown Lakes District Council||$36 Million||A new residential development at Kingston||950 houses|
|$16 Million||A new residential development at Quails Rise South, Queenstown||900 houses|
Decisions on these projects were made following The Panel’s consideration of the councils’ detailed business cases and the Panel’s recommendation to Government. The detailed business cases are required to confirm the infrastructure required, the costs, development timeframes and financial details.
The Waiari Water Treatment Plant will be Tauranga’s third water treatment plant that will provide additional supply as the city's existing water supply is operating at around 97% of its capacity. It will draw water from the Waiari Stream near Te Puke.
The infrastructure at Kingston involves constructing new three water infrastructure including a bore water supply with a new treatment plant and associated network, a new wastewater treatment plant and associated collection network and a new stormwater network.
The infrastructure at Quails Rise South includes a water reservoir and supply mains, wastewater mains and stormwater mains, bus shelters, pedestrian/cycleway underpass and an arterial road connecting to SH6.
The remaining proposed projects involve housing infrastructure for Te Tumu in Tauranga, Ladies Mile in Queenstown and Northwest Auckland. These are being considered by the Ministry of Business Innovation and Employment (MBIE) and the New Zealand Transport Agency (NZTA) following the submission of detailed business cases from those councils.