jul 24, 2012 - Tamaki Redevelopment Company - created
Description:
The Government and the Auckland Council signed a Heads of Agreement to jointly form New Zealand’s first urban redevelopment company to years to achieve social, economic and housing objectives and transform Tamaki (East Auckland) over the following 20 – 25 years. The new Tamaki Redevelopment Company was to be a special purpose company that would bring together public and private sector investment, a wide range of multi-sector partners and a mandate to spearhead implementation of transformation activities. Specifically the Company was established to:
• lead and integrate a programme of activities to transform Tamaki;
• procure and plan physical and spatial development in Tamaki (eg housing infrastructure and amenities); and
• facilitate and co-ordinate the design and delivery of place-based social and economic programmes to lift prosperity and wellbeing in Tamaki.
The Company would work within a commercial framework, making it credible and attractive to private sector investors. The company was expected to be operational by the end of 2012. The first task of the new company was to bring all the current and future initiatives and projects together into a single strategic framework.
In the area designated for redevelopment (Glen Innes, Point England and part of Panmure), over half the housing (56 percent or around 2,850 houses) was owned by Housing New Zealand Corporation. [Note in 2015, the properties previously owned by Housing New Zealand Corporation were transferred to the Tamaki Redevelopment Company).
The Tamaki Redevelopment Company was incorporated on 20 August 2012. It was a Crown Entity with joint shareholdings by the Crown (59 percent) and the Auckland Council (41 percent)
Source: https://www.msd.govt.nz/about-msd-and-our-work/about-msd/history/social-assistance-chronology-programme-history.html
Added to timeline:
A chronology of Māori housing
This timeline charts the changing institutional framework an...
Date:
