New Social Homes to be Delivered in Bay of Plenty through Community Housing Providers

Strategic Insights -

New Zealand's Housing Minister, Chris Bishop, has announced that over 300 new social homes will be delivered in the Bay of Plenty region, a significant step towards addressing the region's housing shortage. This achievement follows the government's commitment to providing affordable housing, with Community Housing Providers (CHPs) and Kýüinga Ora delivering over 6,800 net new social homes since November 2023. The Bay of Plenty region has been prioritized, with 539 social homes already delivered in the area. Furthermore, the government has allocated funding for more than 2,000 additional homes to be delivered by CHPs over the next two years.

Key Takeaways:

  • The Bay of Plenty will receive over 300 new social homes from Community Housing Providers, including Accessible Properties Ltd and Emerge Aotearoa.
  • The new homes will be located in areas such as Ngongotahýü, Te Puke, Greerton, Lynmore, and Papamoa.
  • Over 85 percent of the places will be one- or two-bedroom homes, addressing the gap in social housing supply in Bay of Plenty.
  • Half of those waiting for a home nationally need a one-bedroom property, and the new homes will make a significant difference in addressing this need.
  • 82 percent of the Housing Register demand in the Bay of Plenty is for one- and two-bedroom places.
  • The government's wider reset of the social housing system is showing results, with the Community Housing Funding Agency achieving an A+ credit rating from S&P Global and the introduction of a new loan guarantee scheme.
  • Simplifying the funding system will enable providers to deliver more homes without navigating a confusing web of overlapping funds.

Statistics:

  • 6,800 net new social homes delivered across New Zealand since November 2023 (Source: Minister Chris Bishop).
  • 539 social homes delivered in Bay of Plenty since November 2023 (Source: Minister Chris Bishop).
  • Over 2,000 additional homes to be delivered by CHPs over the next two years (Source: Minister Chris Bishop).
  • 300+ new social homes expected to be delivered in Bay of Plenty between now and 2027 (Source: Minister Chris Bishop).
  • 85 percent of new homes will be one- or two-bedroom homes (Source: Minister Chris Bishop).
  • 82 percent of Housing Register demand in Bay of Plenty for one- and two-bedroom places (Source: Minister Chris Bishop).
  • Half of those waiting for a home nationally need a one-bedroom property (Source: Minister Chris Bishop).
  • 12 percent of Kýüinga Ora's stock meets the need for one-bedroom properties (Source: Minister Chris Bishop).

Sources:

  • Minister Chris Bishop
  • New Zealand Government
  • Kýüinga Ora
  • Community Housing Funding Agency
  • S&P Global
  • Accessible Properties Ltd
  • Emerge Aotearoa