(Picture caption: Learn more about the Pacific Housing Initiative on the the MPP website.)
The Pacific Building Affordable Homes Fund (PBAH) has taken an important step forward with funding approved to contribute to the building of up to 66 new homes for Pacific home ownership.
Acting Deputy Secretary of Policy, Evaluation, Research, Housing and Languages Ta’i Richard says eight organisations have been approved by the Ministry for Pacific Peoples (MPP) to build the new homes for Pacific aiga across Aotearoa.
“These new homes will be available for Pacific families to purchase at prices that are significantly lower than the market rate providing more direct pathways for home ownership for Pacific families and aiga,” Ta’i says.
Of the 66 new homes to be built, 51 will be available in Auckland, and five each in Wellington, Christchurch and South Otago.
The $14.25 million PBAH fund was launched by MPP in September last year, with funding now allocated to the eight projects.
It supports the building of affordable homes for Pacific families to purchase and encourages innovative approaches to housing design that meets their needs including multigenerational living.
The fund provides up to 25 percent of construction costs as seed funding for the development of new homes.
This project is part of the Budget 2020 investment of $41.315 million over four years towards the Improving Housing for Pacific families and Communities Initiative, Ta’i adds.
“This investment is making a significant contribution to achieving intergenerational wealth through home ownership and building affordable, quality, healthy and fit for purpose homes for Pacific families.
“These are key priorities under Fale mo Aiga Pacific Housing Strategy and Action Plan which is our targeted response to Pacific housing needs and aspirations and will progress our people towards home ownership,” Ta’i says.
Visit the MPP website for more information on the Pacific Housing Initiative.