The fund was allocated $354 million in the 2022 financial year, rising to $608m the following year, funded by the Covid-19 Response and Recovery Fund. “We have the opportunity to build the houses, schools, hospitals and transport networks our country needs, while adding momentum to our economic recovery,” said Finance Minister Grant Robertson.
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The Governemnt has committed $57.3b to infrastructure spending over the next five years. “Budget 2021 sees a 50 per cent increase in the Government s multi-year capital allowance to maintain momentum around job creation and to build the critical infrastructure needed to come out of Covid-19 stronger.” The multi-year capital allowance rose from $7.8b to $12b for Budget 2021 to 2024.
I noticed the longer I stayed, the more I wanted to get out of here, he said.
At one point, he and his three kids shared a queen bed. It s been very hard, the things that I have to go through.
He s not alone - MÄori are five times more likely to be homeless than Pakeha.
Finance Minister Grant Robertson says it s the Government s responsibility to address this inequity and today makes an important start in that .Â
To do that, the Government has opened the financial floodgates for MÄori with more than $1 billion out the door.Â
About a third of that is for housing, with $380 million going to delivering about 1000 homes and repairing 700 MÄori-owned homes. There s also $30 million from that kitty which will go to housing projects and support services.Â
Thursday, 20 May 2021, 4:43 pm
The Real Estate Institute of New Zealand (REINZ) welcomes
the announcement in today’s Budget that $380 million has
been allocated to Māori housing solutions, including
building new housing stock and repairing existing
stock.
Wendy Alexander, Acting Chief Executive at
REINZ says: “It is great to see an emphasis on Māori
housing solutions in the 2021 Budget, focusing on building
new houses in areas with high rates of Māori housing
deprivation, repairs for existing housing and increasing
capacity and capability for iwi, hapū and other Māori
housing providers.
“Māori appear to be
underrepresented in home ownership in New Zealand, with