NZFAT signs $15m partnership with Ministry of Housing to improve socio-economic for low-income owners

NZFAT signs $15m partnership with Ministry of Housing to improve socio-economic for low-income owners

By Mikaele Liga
Tuesday 29/10/2024

The Ministry of Housing today signed a partnership with the New Zealand Foreign Affairs and Trade with $15 million in allocation in a bid to improve socio-economic outcomes for low-income earners to afford high-quality housing.

Minister for Housing and Local Government Maciu Nalumisasays $1.75 million has been allocated to the Ministry of Housing for technical assistance, strategic planning, and institutional strengthening, as well as to create a National Housing Database over the next three years.

He adds that this investment will help the Ministry allocate funding to its upcoming and ongoing projects.

Nalumisa says Model Towns Charitable Trust has been allocated more than$6.17 million with $3.6 million dedicated to The RISE Programme.

He says the RISE programme will receive funding assistance to enhance sanitation management in six informal settlements in the Greater Suva Area.

Nalumisa adds that the government will provide technical support to strengthen policies and planning for the Ministry’s regulatory role and finalize the national housing policy framework.

He says it will also offer financial assistance for the Ministry’s Strategic Plan for 2025–2029.

He reiterates this new arrangement between NZMFAT and the Ministry of Housing is based on good faith, with both partners dedicated to building a strong institutional partnership that enhances capacity and institutional strength.

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