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Part 2: Strategic priority five: Contribute to government interventions on housing affordability
This priority recognises the contributions the Corporation will make to help move people into their own home. It includes the purchase of education, support and capacity-building from third-party providers to improve housing outcomes under the contracted housing support services output class. It also includes the purchase of housing-related services to support access to home ownership under the Corporation's HNZC housing support services appropriation.
Home ownership is a key challenge for many New Zealanders. The Corporation has developed a range of programmes that are effective in helping people into home ownership. These programmes aim to improve access to the finance, knowledge and skills needed to buy and maintain home ownership.
The Corporation is also working with developers and key stakeholders to develop a mix of social housing, affordable housing and private housing. The Hobsonville project, for example, will see the development of a mixed-tenure community of areasover 3,000 homes, 85 percent of which will be for private owners, the balance being state housing. Within the private ownership housing will be some 500 affordable homes for first-home buyers.
Key activities to achieve this strategic priority include:
- working with lenders to help people on modest incomes move from renting to home ownership through the Welcome Home Loan scheme
- developing policy advice on the delivery of affordable housing, particularly on Crown-owned land
- delivering the Shared Equity pilot
- educating first-time home buyers through the Corporation's home ownership education programme
- supporting Pacific peoples through the home ownership education programme
- providing suspensory loans for essential repairs and infrastructure.
