Govt considers special interest rates for property developers to build infrastructure

Thu, 28 Jun 2018

By Sophie Boot June 28 (BusinessDesk) - The government is looking at giving commercial property developers access to finance at low interest rates if they build vital infrastructure to support new homes, says housing and urban development minister Phil Twyford. At the Local Government New Zealand Housing Symposium in Wellington this morning, Twyford said the current system for financing infrastructure is "utterly broken" and was slowing housing development, and said he hoped to give more information on how the scheme would work in the com...

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