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The Government has established a $52.2 million capital contingency fund in Budget 2015 to facilitate housing development on Crown-owned land in Auckland, Building and Housing Minister Dr Nick Smith says.
“The Government has had its foot on the accelerator to address the housing supply and affordability challenge, and has achieved strong growth in residential construction in each of the past three years. We recognise the importance of maintaining this momentum to help more New Zealand families into home ownership,” he says.
- Nick Smith
- Building and Housing
- Budget 2015