Supplier log in
Build Ready Development pathway
Details
|
Tender Closed
|
|
| RFx ID : | 27561325 |
| Tender Name : | Build Ready Development pathway |
| Reference # : | |
| Open Date : | Monday, 19 June 2023 9:00 AM (Pacific/Auckland UTC+12:00) |
| Close Date : | Friday, 14 July 2023 4:00 PM (Pacific/Auckland UTC+12:00) |
| Tender Type : | Notice of Information (Advance Notice) (NOI) |
| Tender Coverage : | Sole Agency [?] |
| Categories : |
|
| Regions: |
|
| Required Pre-qualifications : | None |
| Contact : |
Bruce Irwin 04 830 6947 |
| Agency Address : | NEW ZEALAND |
The Build Ready Development pathway, under the Affordable Housing Fund, helps secure affordable residential developments that may not proceed without Government support. We are currently processing applications that have been received for underwrites and prepurchases, however we are open for registrations for interest. We will be in touch as soon as possible and you may be asked to complete a full application form.
Build Ready Development can support residential developments in the regions that have already achieved resource consent (but haven’t started above the ground construction) and progress has stalled due to the changing market conditions.
The pathway is prioritising developments in regional New Zealand that have been affected by recent severe weather events, and is also assessing eligible applications for developments in other regional locations. (The three main urban centres are not currently being prioritised for assessment.)
The link provides all the information on criteria, prioritisation for assessment, and the link to the registration of interest form.
Build Ready Development Pathway - Te Tūāpapa Kura Kāinga - Ministry of Housing and Urban Development (hud.govt.nz) - https://www.hud.govt.nz/funding-and-support/build-ready-development-pathway/
Criteria
Developers registering interest for prepurchase or underwrite commitments must:
• already have resource consent for the development
• own the land or have an unconditional agreement to own the land for the development
• be ready to start construction with 6-12 months but not have commenced construction already
• have a valid reason that the development has stalled
• be building affordable homes in the development (telling us how many homes in the development are either at, under or over the relevant KiwiBuild price caps for the region)
• be an experienced developer with a track record of success in building new housing in Aotearoa New Zealand
• provide transparent and detailed financial feasibility information
• provide evidence of third-party finance arrangements such as written indication from their bank or lender on the requirements to unlock development finance
• must be developing more than six homes (net).
All enquiries to brd@hud.govt.nz
This tender has been completed.
Further information:
Completed by system
Date RFx was completed/updated:
Tuesday, 15 April 2025 9:04 AM (Pacific/Auckland UTC+12:00)
