The Government’s announced how it will divide up its $1 billion Housing Infrastructure Fund. It’s named five councils – majority will go to the North Island, with the lion’s share of the money going to Auckland, Waikato and Tauranga.
The Labour Party says the Government’s just trying to “pull a fast one” and has accused it of offering up “a list of ghost houses”.
“This is loans for water infrastructure and bridges; National cannot point to a single plot of land and guarantee a house will be built there as a result,” Labour’s housing spokesperson Phil Twyford said.
“Even if [Building and Construction Minister Nick] Smith’s promises come true for once, they amount to less than 20,000 houses in five years, and just 2,200 in Auckland.”
The fund is to pay for water and roading infrastructure in high growth areas to accelerate house building. (See here for more details on the Fund)
On Tuesday, Prime Minister Bill English said the allocation of the $1 billion fund was “another milestone in the Government’s plan to increase housing supply for a growing New Zealand”.
“The infrastructure projects announced today will speed up the delivery of 60,000 houses across our fastest growing population centres over the next ten years.”
A document produced by the Government, outlined in detail where the money was going and the expected outcomes. Included in the document was this detailed breakdown: