jul 1, 2003 - Housing Innovation Fund - starts

Description:

2003-2011

A $63 million Housing Innovation Fund (HIF) was established to increase the availability of rental housing and home ownership opportunities for low income households and people with special needs. Local government organisations were encouraged through provision of loans and grants to retain and increase their rental housing through buying new homes or improvements to existing housing. Funding was also available for community groups and organisations, Maori and iwi to increase their involvement in providing social housing. This included capital funding for demonstration projects and support for developing proposals.
From HIF’s inception until 30 June 2007, projects to a value of $73.9 million were achieved, with HIF funding of $49.7 million. A total of 729 units were approved as either new builds (355 units) or modifications (374 units). Of these, Community Based Organisations (CBOs) had projects involving 210 built units and local authorities had projects approved for 145 built units and 374 modified units. CBOs contributed around 30 percent of the total costs of their projects ($13.9 million of the $46.8 million total), and local authorities contributed 38 percent ($10.4 million of the $27.1 million total).
Appropriated funding of $1.28 million (excluding GST) was used to support the establishment and fund the operation of Community Housing Aotearoa Incorporated (CHAI). CHAI had the purpose to promote and advocate for community housing at the local and national level. It represented over 130 member organisations including churches, non-profit community groups, Māori and Pacific housing providers and others.
From 1 July 2011, the Social Housing Fund replaced the HIF

Source: https://www.msd.govt.nz/about-msd-and-our-work/about-msd/history/social-assistance-chronology-programme-history.html

Added to timeline:

Date: