Infrastructure fund will 'de-risk' costs to future-proof housing developments, Smith says

Mon, 04 Jul 2016

By Jonathan Underhill July 4 (BusinessDesk) - The government's $1 billion housing infrastructure fund will "de-risk" the costs of future-proofing development in high-growth areas for a local government sector that still recalls the debacle over Kaipara District Council's Mangawhai wastewater scheme, says Housing Minister Nick Smith. The contestable fund will be open to applications for interest-free loans from councils in Christchurch, Queenstown, Tauranga, Hamilton and Auckland but that list could change or grow as early as September whe...

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