Auckland City, government agree to 3-year plan to fast-track city home building

Fri, 10 May 2013

May 10 (BusinessDesk) – Auckland City and the government have agreed a three-year plan to fast-track housing in New Zealand’s most-populous city, with a target of 39,000 new homes by 2016. The Auckland Housing Accord is aiming to alleviate housing pressures in Auckland after a survey found the city was “severely unaffordable”, hurting household budgets, leading to overcrowding and a lower standard of living. The plan requires legislation allowing the council and government to work together to identify special housing areas (SHAs) within the...

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