Whanau of 4 at house entry

Some of the successful applicants for round two of the Affordable Rental Pathway, have been announced. Round two of the Affordable Rental Pathway has made a further $100 million available for affordable rental developments across New Zealand, prioritising developments in areas with the greatest need for affordable housing.

This funding will enable 174 affordable rentals around the country through 9 new partnerships with providers under the Affordable Housing Fund.

Rents for the homes are expected to be less than 80% of the median market rent for the type of home.

Further applications are currently in the final stages of evaluation.

The successful providers

Northland region - $5.1 million for 16 new houses will be shared between:

  • Te Pae ki te Rangi Limited Partnership up to $3.2 million to develop 10 affordable rental homes.
  • Tambourine Trust up to $1.9 million ($1,858,683) to develop six affordable rental homes.

Bay of Plenty region - $21.4 million for 64 new houses will be shared between:

  • Western Bay of Plenty District Council up to $6.6 million ($6,556,534) to develop 26 affordable rental homes.
  • Home in Place NZ Limited up to $11.2 million ($11,223,075) to develop 28 affordable rental homes.
  • Tauhara North Kāinga Limited up to $3.6 million ($3,582,245) to develop 10 affordable rental homes.

Hawke’s Bay region $22 million for 65 houses will be shared between:

  • Te Taiwhenua o Heretaunga up to $14.8 million ($14,816,128) to develop 26 affordable rental homes.
  • Hastings District Council up to $7.2 million ($7,187,887) to develop 39 affordable rental homes.

Blenheim region - $2.2 million for five new houses will be allocated to:

  • the Marlborough Sustainable Housing Trust to develop five, 4-bedroom houses comprising of two duplexes and one stand-alone dwelling.

Christchurch City - $6 million for 24 new houses will be allocated to:

  • the Ōtautahi Community Housing Trust in partnership with Paenga Kupenga, the economic arm of Ngāi Tūāhuriri Rūnanga for a mixed tenure development.

The Affordable Rental Pathway

Generally, it’s too expensive to construct and sustain new housing and offer rents that are affordable for lower income people and whānau. The Affordable Rental Pathway helps to address this by offering grant funding to make these projects financially viable.

The Affordable Rental Pathway offers grant funding to not-for-profit organisations to build new affordable rental homes. These homes will provide long-term accommodation for people and whānau who can’t afford a market rent but can’t access, or don’t need, public housing.  Not-for-profits include organisations such as community housing providers, Iwi and Māori organisations, councils, and charitable trusts. This recognises the essential role many not-for-profit organisations already play in providing affordable rentals.

Round one of the Affordable Rental Pathway offered $50 million for affordable rental developments in six locations.