Property

Iwi green lights Government’s Auckland land plans

An agreement between an Auckland iwi collective and the Government means a major roadblock in plans to release Crown-owned land for commercial housing development has been overcome.

Friday, September 04th 2015

Iwi will now have right of first refusal on the Crown land parcels offered up for commercial development – but that right is for development of the land, not purchase of the land.

Private sector developers will then be offered the land for development after iwi.

Building and Housing Minister Nick Smith said the agreement means that vacant public land can be used for housing development to ease Auckland’s supply shortage, while local Treaty settlements are still upheld.

The Housing Mahi Ngātahi Agreement sets out further ways for the Government and iwi to work together on common objectives in housing, Smith said.

“It includes a shared commitment for 20% of new houses delivered through the Auckland housing programme to be made available for purchase by community housing providers, and for a further 20% priced as affordable for first home buyers.”

The government is likely to maintain ownership of the land until it is sold on as completed houses.

It will also be able to specify requirements around the pace and type of development.

The Government announced its plans to release 500 hectares of vacant Crown-owned land for commercial housing development in the Budget. 

However, since then, the plan has run up against a number of obstacles – including legal action from local iwi who wanted to clarify whether they had first rights to buy the land being offered up.

The agreement means that those legal proceedings have now been dropped.

Ngāti Whātua Ōrākei Trust’s deputy chair Ngarimu Blair said the agreement means more social and affordable housing will be built more quickly to address the Auckland housing issue.

“We look forward to facilitating the building of houses for our own people and for all Aucklanders, and this agreement will see that happen as quickly as commercially possible.”

Smith said assessment of potential sites, with a focus on those parcels of land with the capacity for 60 homes or more, is progressing.

Next up, the Government will issue an “Invitation to Partner” as it seeks private sector expertise with the capacity for delivering housing developments.

Individual projects may include iwi partners where they have taken up the opportunity, Smith said.

He is hopeful that the first development agreements will be in place this year and the first homes will be completed by the end of 2016.

“This programme is about delivering more homes for Auckland with a focus on growing the supply of affordable and social housing.”

*Read more about the Crown land development parcels revealed to date here

Comments

No comments yet

Heartland Bank - Online 6.69
TSB Special 6.74
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
TSB Special 6.49
Westpac Special 6.75
China Construction Bank 6.75
ASB Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
Kiwibank Special 6.79
Co-operative Bank - Owner Occ 6.79
ANZ Special 6.79
TSB Special 6.29
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
BNZ - Classic 6.55
Kiwibank Special 6.55
Co-operative Bank - Owner Occ 6.55
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

More Stories

Rate cuts needed to lift mood

Wednesday, April 17th 2024

Rate cuts needed to lift mood

The enthusiasm that followed the change in government, mainly from property investors, has waned as homeowners and buyers hang out for interest rate cuts, says Kiwibank.

Support for regulation

Monday, March 18th 2024

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

A better investment market

Thursday, March 14th 2024

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

[OPINION] Recessionary times

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.