The funding will be shared between infrastructure projects in Lower Hutt, Nelson, Rangiora, Ngāruawāhia, Hastings, Motueka, Whanganui and Lake Hāwea. Combined, these IAF-funded projects are expected to enable around 11,500 homes to be built across multiple developments over the next 10 to 15 years.

Administered by Kāinga Ora – Homes and Communities, the IAF was launched by the Government in June 2021. The contestable fund of approximately $1 billion is designed to allocate funding for infrastructure to enable housing development – such as three waters, transport or flood management.

Kāinga Ora General Manager Commercial, Caroline McDowall, says today’s announcement will help to unlock housing development and contribute to thriving new communities.

“The funding will support the delivery of core infrastructure works, enabling councils, iwi and developers to build thousands more homes for New Zealanders in regions with high housing need.

“The IAF-funded infrastructure will not only unlock new housing developments – upgraded stormwater networks and new wastewater treatment connections will also contribute to improved environmental outcomes and more resilient towns and cities.”

 

The IAF funding announced today includes the following:

Region

Infrastructure type

Funding agreed

Homes expected

Region

Lower Hutt

Infrastructure type

Three waters

Funding agreed

$98.9M

Homes expected

3,520

Region

Nelson

Infrastructure type

Transport and three waters

Funding agreed

$36.4M

Homes expected

1,025

Region

Lake Hāwea

Infrastructure type

Three waters

Funding agreed

$24M

Homes expected

880

Region

Hastings

Infrastructure type

Three waters and transport

Funding agreed

$18.5M

Homes expected

4,000

Region

Rangiora

Infrastructure type

Three waters and transport

Funding agreed

$5.7M

Homes expected

1,300

Region

Ngāruawāhia

Infrastructure type

Three waters and transport

Funding agreed

$5.32M

Homes expected

200

Region

Motueka

Infrastructure type

Three waters and transport

Funding agreed

$1.2M

Homes expected

200

Region

Whanganui

Infrastructure type

Three waters and transport

Funding agreed

$1.95M

Homes expected

340

 

This is just the start of a journey for these projects, some of which involve extensive and large-scale infrastructure works, adds Caroline.

“However, today’s funding announcement is a significant milestone, as it provides the necessary kickstart for the projects to get underway. We look forward to working closely with the project delivery partners as works progress.”

This latest tranche of IAF funding follows earlier allocations of $6.1 million in December 2021 for Keneperu Landing in Porirua, and almost $179 million in July 2022 which supported projects in Rotorua, Ōmokoroa, Kaikōura, Ōtaki, Napier, Gisborne and New Plymouth. 
 
To date, around $376 million in IAF funding has been committed to critical infrastructure projects throughout the country. Combined, these IAF-funded projects are expected to enable around 20,000 new homes.

Read the Minister’s announcement(external link).

Read more about the Infrastructure Acceleration Fund administered by Kāinga Ora

Read more about the latest IAF-funded projects:

Media Contact

Uma na faafou le itulau: 13 October 2022