The announcement of a new way of funding urban infrastructure is a bit like announcing a way of clearing that first big slip on the road from Kaikoura to Blenheim. It’s an important and necessary start but it is only a start.After the slips are cleared, there will still be a lot of work ahead before traffic can start moving again. The road will need to be rebuilt in places, and slopes will need to be stabilised. Read more
Housing affordability is an important issue to all New Zealanders and a pressing concern for many kiwi families. The high cost of housing is also one of the drivers of New Zealander’s high level of private indebtedness, and is an issue of intergenerational equality.
The Initiative’s research into housing affordability takes a different approach to the usual proposals of either just freeing up land and dropping regulations, or compelling a reluctant population to live in high density estates.
Instead our research focuses on the context in which development takes place: local government. In particular we examine the link between local government finance, and the incentives for local councils to develop land for housing.
There is a missing link between discussions of housing affordability (or rather a lack thereof) and finding workable financing management that allows local government to fund required infrastructure upgrades. By examining international best practice, we aim to close this gap with our research project.