Funding for crucial infrastructure to help deliver more than 3000 new homes in Tauranga has been confirmed.
Two local project bids for a piece of the Government’s $1 billion Infrastructure Acceleration Fund (IAF) have been approved with $80 million going towards 2000 new homes in Tauriko West and $67.9 million for 1600 new homes on the Te Papa Peninsula.
Housing Minister Megan Woods announced the third round of funding of the fund in Hamilton this morning, which involves $539.8m for new developments nationwide.
Woods said they were expected to enable around 16,600 new homes to be built across multiple developments over the next 10 to 15 years.
“The IAF funding will support intensification developments in Auckland, Hamilton and Tauranga to enable connected, inner-city communities,” she said.