Govt looks at special purpose vehicles to fund Akl Council past debt limits to support housing

Wed, 07 Jun 2017

By Sophie Boot June 7 (BusinessDesk) - The government is looking for ways to finance local councils who can't access its designated $1 billion housing infrastructure fund as they've already reached their debt limits. The contestable fund, announced last July for use mainly by Auckland Council, was for interest-free loans for councils in high-growth areas. It uncovered a lack of ready-to-build projects and an unwillingness by the Auckland body to take on substantial new debt because it is already close to limits that could affect the city'...

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