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| Tasman Mayor Tim King |
The Tasman District Council has been invited to submit further proposals for three projects to the next stage of the Government’s Infrastructure Acceleration Fund (IAF) process.
Managed by Kāinga Ora, the IAF is a contestable fund of at least $1 billion nationally, to allocate funding for key infrastructure to enable housing development within 5 years.
The three Tasman projects to get through the first round represent 621 homes in Tākaka (100), Motueka (200) and Wakefield (321).
Being invited to the next stage validates the successful partnership shared with developers and the Council, said Tasman Mayor Tim King.
“The IAF is the funding catalyst enabling us to bring forward a number of developments to benefit the areas within our District hardest hit by the housing situation."
"While we were unsuccessful with applications for other projects in the District, we are pleased to get through to the next phase for these three projects."
"This process is far from over though with the next stage investigating all infrastructure demands, the comparative investment by landowners, links to transport and engagement with iwi."
“We have until 16 December to furnish the extra information and make the Council decisions to bring forward planned investment to leverage the IAF funding. This decision may require a degree of consultation.”
While this process is designed to accelerate development to ease pressure on housing demand the current RMA and Building Act still have a bearing on the outcome of each of the specific developments. In addition, success in the next stage does not affect potential development contribution fees or charges.
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