The Wellington City Council wants to turn under-utilised inner-city buildings into social housing and affordable apartments.
Mayor Justin Lester has made the announcement at the Community Housing Association Annual Conference in Wellington today.
"Housing is the biggest issue facing our city right now and we need to take bold action. That's why we're looking at a new way of providing homes in the central city," he said.
The council wants to partner with central city building owners and community housing providers to make it happen.
It will be seeking proposals later in the year.