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Property
3 mins to read
1

Govt to underwrite SPV greenfield financing, up to $100m a pop

Housing Minister Chris Bishop says it doesn't mean ‘endless sprawl’, but is about housing choice and letting economics dictate where growth happens.

Drury South, where significant development is scoped.

Brent Melville Thu, 27 Mar 2025

Government says it will fund special purpose vehicles of up to $100 million to promote greenfield developments on city outskirts.

Housing and Infrastructure Minister Chris Bishop said the SPV programme, which comes in tandem with cutting red tape under the current Resource Management Act (RMA)

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Brent Melville Thu, 27 Mar 2025
Contact the Writer: bmelville@nbr.co.nz
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Tags
Chris Bishop urban sprawl greenfield RMA Property Council NZ Niffco Housing infrastructure special purpose vehicles
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