The Government has finally accepted that it can't fix Auckland's desperate shortage of affordable houses unless it puts taxpayers' money into building them.
Ministers have been frustrated by the glacially slow pace of affordable housing developments in the city despite the creation of special housing areas in which developers can get speedy resource consents in exchange for promises to build a proportion of affordable housing.
The only special housing area where more than a handful of affordable houses have been built is at Weymouth. It's no coincidence that it is also the only SHA where the Government put money in - a $29 million grant from a social housing fund which is now being phased out.
Elsewhere, ministers assumed private developers would willingly build houses to sell at below-market prices. It hasn't happened.
A $200 million loan for the Tamaki Redevelopment Company is finally some serious money.