KiwiBuild
KiwiBuild aims to increase the supply of modest and affordable homes for first home buyers. It does this by providing developers with support through underwriting the sale of homes in a development or providing access to land or both.
KiwiBuild is no longer available
The Government has confirmed the KiwiBuild programme is winding down. This is to align with the introduction of a new underwrite scheme for the construction sector. You can read the Government’s announcement on beehive.govt.nz.
The Residential Development Underwrite (RDU) is a new, time-limited initiative. It was introduced to help the residential construction sector return from the effects of the downturn.
The underwrite will act as the pre-sales needed for developers to secure bank finance for consented, costed and ready-to-commence projects.
It will help maintain capacity in the sector, help grow housing supply and support developments to be ready for when buyers return to the market.