Housing Infrastructure Fund
The Housing Infrastructure Fund (the fund) is a $1 billion fund that provides 10-year interest-free loans to selected councils in high-growth areas so they could bring forward the development of transport and water infrastructure required for new housing — especially where financing issues were holding up development. For some loans, the funding is split between a loan directly to the council, and a loan to the National Land Transport Fund (NLTF).
Projects funded
Hamilton City Council
Approved loan amount |
Council share |
NLTF share
|
Purpose of the loan |
Number of houses |
Details |
$290.4 million |
$180.3 million |
$110.1 million |
A new residential development at Peacockes in Hamilton |
8,100 houses |
Infrastructure for this project involves constructing a new bridge over the Waikato River, arterial roads and wastewater and water supply mains. |
Tauranga City Council
Approved loan amount |
Council share |
NLTF share
|
Purpose of the loan |
Number of houses |
Details |
$51.8 million |
34.15 million |
$17.65 million |
Upgrade to the Te Maunga Wastewater Treatment Plant |
Combined - 35,000 houses across Tauranga City |
This upgrade is to provide additional treatment capacity. |
$105.9 million |
$105.9 million |
N/A |
A new ‘Waiari’ water treatment plant |
Combined - 35,000 houses across Tauranga City |
This will be Tauranga’s third water treatment plant, providing additional supply by drawing water from the Waiari Stream near Te Puke. Tauranga's existing water supply is operating at around 97% of its capacity. |
$96.1 million |
$34.15 million |
$61.95 million |
A grade separated interchange in the Te Tumu Growth Area. |
3780 houses in Wairakei + 6,000 in Te Tumu Growth Area |
This interchange will connect State Highway 2 - Tauranga Eastern Link, with a new growth area at the eastern end of Pāpāmoa (known as Wairakei), enabling the construction of a new town centre and additional housing in Wairakei following its completion. |
Waikato District Council
Approved loan amount |
Council share |
NLTF share
|
Purpose of the loan |
Number of houses |
Details |
$38 million |
$38 million |
N/A |
Residential development at Te Kauwhata |
2,790 houses |
Infrastructure for this project will include upgrading the water supply and a new wastewater treatment plant and reticulation network. |
Queenstown Lakes District Council
Approved loan amount |
Council share |
NLTF share
|
Purpose of the loan |
Number of houses |
Details |
$36 million |
$36 million |
N/A |
A new residential development at Kingston |
950 houses |
Infrastructure for this project involves constructing new three water infrastructure including a bore water supply with a new treatment plant and associated network, a new wastewater treatment plant and associated collection network and a new stormwater network. |
$16.1 million |
$11.6 million |
$4.5 million |
A new residential development at Quails Rise South, Queenstown |
900 homes |
Infrastructure for this project includes a water reservoir and supply mains, wastewater mains and stormwater mains, bus shelters, pedestrian/ cycleway underpass and an arterial road connecting to SH6. |
$24 million |
$17.5 million |
$6.5 million |
Extends existing development and supports the Frankton commercial centre. |
1100 homes |
Infrastructure for this project includes water supply reservoirs and mains, stormwater and wastewater mains, and a new roundabout (SH6/Howards Drive) for Ladies Mile. |
Auckland Council
Approved loan amount |
Council share |
NLTF share
|
Purpose of the loan |
Number of houses |
Details |
$339.2 million |
$136.3 million |
$202.9 million |
Wastewater mains and pump stations, stormwater management and arterial roading including bus and cycle lanes. |
7,770 houses in Redhills and Whenuapai |
Provides framework for developers to connect local subdivision infrastructure. Supports the Westgate commercial centre. Frees up wastewater treatment capacity for growth in the south. |