sep 16, 2016 - Northcote Housing Development
Description:
The Government announced that it would redevelop 300 Housing New Zealand Corporation properties in the Auckland suburb of Northcote. The $750 million project was intended to transform the existing 300 properties into about 1,200 new homes. The number social houses would increase from 300 to 400, with further 600-800 properties to be sold as a mix of affordable and market housing.
The development was to be delivered by the Hobsonville Land Company – a wholly-owned subsidiary of Housing New Zealand Corporation – established in 2005 to undertake the redevelopment of the former airforce base in Hobsonville, Auckland.
The first stage of the development, which was already underway, was replacing 20 old Housing New Zealand Corporation homes with 59 new social houses. The second stage of the five-year project was expected to begin in 2017. It would provide around 200 new homes, with 38 old state houses making way for 60 new social houses and around 140 new homes for the market with an emphasis on affordability. The entire redevelopment was expected to be completed by 2021.
The Northcote redevelopment was seen as the first in a number of large-scale projects to redevelop Housing New Zealand Corporation properties in Auckland, which were now possible under the Auckland Unitary Plan.
Source: https://www.msd.govt.nz/about-msd-and-our-work/about-msd/history/social-assistance-chronology-programme-history.html
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