|RFx ID :||26089130|
|Tender Name :||Affordable Housing Fund - Affordable Rental Pathway - Round One|
|Reference # :|
|Open Date :||Monday, 25 July 2022 9:00 AM (Pacific/Auckland UTC+12:00)|
|Close Date :||Wednesday, 24 August 2022 3:00 PM (Pacific/Auckland UTC+12:00)|
|Tender Type :||Registration of Interest (ROI)|
|Tender Coverage :||Sole Agency [?]|
|Required Pre-qualifications :||None|
Affordable Housing Fund
|Alternate Physical Delivery Address :||AHF@hud.govt.nz|
|Alternate Physical Fax Number :|
|Agency Address :||NEW ZEALAND|
Affordable rental pathway
The first round of the Affordable Housing Fund, the Affordable rental pathway, offers $50 million of grant funding to not-for-profit organisations to deliver newly built affordable rental housing.
It’s often too expensive to build and sustain new housing and offer rent at a rate that is affordable for lower income people and whānau. The Affordable rental pathway helps to address this issue by offering funding to make these projects financially viable.
These affordable rental homes will be for lower income people and whānau who can’t afford a market rent but can’t access public housing.
Funding is targeted in locations with the greatest need for an increased supply of affordable rental for those on lower incomes, including:
Wellington Metro (including Wellington, Porirua, Lower Hutt, Upper Hutt and Kāpiti), and
Not-for-profits include organisations such as community housing providers, iwi and Māori housing providers, councils, and charitable trusts.
Registrations of Interest in the first round of the Affordable rental pathway are open until 24 August 2022.
Eligible organisations and developments
To be eligible for funding through this first round of the Affordable rental pathway, an organisation must be a not-for-profit organisation that can demonstrate capability to develop, maintain, and operate affordable rental housing.
Organisations must be able to identify a specific project in one of our target areas, where they:
- Intend to create new supply of privately-owned rental housing, including by developing new homes, purchasing turnkey homes off the plans, or completing commercial conversions or redeveloping homes to an as-new standard
- Have identified a specific parcel of land, and have a pathway to owning, leasing or occupying the land, including whenua Māori
- Intend to offer rents that are affordable for their target cohort, which they will need to demonstrate.
- Projects must deliver a minimum of 10 homes in Auckland and Wellington metro, or five homes in other target regions.
For more information on eligible developments, see our attached Guidance or visit https://www.hud.govt.nz/residential-housing/affordable-housing-fund/
Please contact AHF@hud.govt.nz for more information or to request access to our online application form.
This tender has been completed.
16 providers where identified to submit a substantive proposal at the second stage (RfP).
Date RFx was completed/updated: Wednesday, 22 March 2023 8:07 AM (Pacific/Auckland UTC+13:00)