Nick Smith has announced:
Housing Minister Nick Smith today announced two initiatives which will result in the building of up to 3000 new state house bedrooms and 500 new homes.
Dr Smith said the first initiative is called Project 324&5 and is designed to convert three bedroom houses into four and five bedroom homes.
“Project 324&5 recognises that Housing New Zealand, and particularly Auckland, have an oversupply of three bedroom homes and a real shortage of larger ones,” Dr Smith said.
“The initiative is expected to deliver up to 3000 new state house bedrooms to 2000 properties over the next two years, with three quarters of them in Auckland.
Sounds very sensible. You get far more extra capacity by expanding current houses, rather than having to buy land and build new sections.
Dr Smith said the second initiative will see an additional 500 two bedroom state houses built over the next two years on large Housing New Zealand properties in Auckland.
“There is strong demand from Housing New Zealand tenants for more two bedroom homes in Auckland. This is a result of a shortage of supply and increasing demand for two bedroom properties, particularly for single people with caregivers, couples with children, and solo parents.
“The Simply Smart Homes infill project will see pre-fabricated modular homes, to minimise disruption to existing tenants, assembled on the sections of large Housing New Zealand properties in Waitakere, North Shore and Manukau.”
Also seems pretty sensible to me. By not buying more land, it means you get more actual houses for the amount of money you have.