Government’s announcements on ambitious Going for Housing Growth (GfHG) programme
Minister Bishop has announced further details on the Government’s ambitious agenda on housing in a speech to the Real Estate Institute of New Zealand today. A full copy of the speech can be found below.
GfHG is about enabling more homes to be built
GfHG is structured around three pillars that make system changes to address the underlying causes of the housing supply shortage. These are:
Freeing up land for urban development, including removing unnecessary planning barriers
Improving infrastructure funding and financing to support urban growth
Providing incentives for communities and councils to support growth.
Together, these three pillars have the objective of: improving housing affordability by significantly increasing the supply of developable land for housing, both inside and at the edge of our urban areas.
Further information on the GfHG including factsheets can be found on the Ministry of Housing and Urban Development website.