Phil Twyford reveals $2b KiwiBuild housing scheme

Housing Minister Phil Twyford has revealed to the Herald the first in-depth details of the incoming Government’s new $2 billion KiwiBuild scheme, explaining how 100,000 new residences will be built in the next decade.

So-far-unknown details about precisely how, when and where the much-vaunted Labour initiative is planned to become a reality have been announced, giving details of a plan to fulfil tens of thousands of New Zealanders’ long-ditched home ownership dreams.

The just-announced Housing Minister told the Herald how labour, skills and land shortages in the over-stretched, under-delivering, under-resourced high-priced housing market were planned to be resolved by his regime which will change immigration laws and form public private partnerships with business like Fletcher Residential and Mike Greer Homes.

In the coming three years, KiwiBuild aims to gradually ramp up to 10,000/year high-quality affordable new residences for first-home buyers, half in Auckland, to build 100,000 residences in a decade.

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