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Budget sets clock ticking on final funding decisions

Budget sets clock ticking on final funding decisions for nationwide housing initiatives

Third party housing providers in New Zealand represented by Community Housing Aotearoa are cautiously encouraged by Housing Minister Phil Heatley’s Budget-related announcement that allocations from a tagged contingency fund of up to $45 million will be coming their way soon.

“What we know at this stage are that decisions on options for extending, replacing or rolling together the likes of the Housing Innovation Fund programme (HIF) and the Rural Housing Programme have ostensibly yet to be made,” says David McCartney, Executive Officer of Community Housing Aotearoa.

“We also know that the countdown for making the next move is now extremely tight – with final and detailed decisions promised by 30 June.

“At one level it is, of course, disappointing that the previous Budget appropriation of funding committed to initiatives such as HIF, have now disappeared off the Treasury books. It is of potential concern too that a policy direction towards larger projects should not exclude or sideline smaller niche providers.
“On the other hand, based on repeated and highly trusted statements by the Minister, our members remain hopeful that access to the contingency fund will indeed allow us to play our part in significantly increasing the pool of affordable and social housing.

“This would be in line with last year’s recommendations of the Ministerial Housing Advisory Group, chaired by Dr Alan Jackson (now the new chair of Housing New Zealand Corporation), and in line with Cabinet’s broad acceptance of those recommendations”.

For further Budget commentary please visit www.communityhousing.org.nz

ENDS

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