Simon Opit; Bev James
Abstract – Tuhinga Whakarāpopoto
Nelson has consistently been identified as one of New Zealand’s least affordable regions. In response to growing housing pressures, Nelson City Council has made solving housing unaffordability one of their top priorities. An important component of the Council’s strategy has been the creation of a Housing Reserve Fund (HRF), a dedicated fund to support the delivery of social and affordable housing within the region. This report recounts the development of the HRF up to its Phase One deployment, with the release of almost $2 million of grant funding for affordable housing development. The pathway from creation to Phase One is covered with a focus on the HRF’s purpose and key characteristics, how the Council navigated various challenges in creating the fund, stakeholders’ expectations, and how various stakeholders have engaged with the fund.
Other reports associated with this research
James, B. & Nandedkar, G. (2022). Innovating Housing Futures: Waikato Case Study. Report for Building Better Homes, Towns and Cities, Affordable Housing for Generations – Component E. December 2022, 30pgs. Wellington: BBHTC.
Keywords – Kupu Hāngai
Housing, Nelson, housing affordability, Housing Reserve Fund, social housing, homeownership, sustainabile funding
Fields of Research – Āpure Rangahau
Housing Affordability; Funding Mechanisms
Date – Te Wā Whakarewa
Type – Te Auaha
Citation – Kupu Hautoa
Opit, S. & James, B. (2022). Innovating Housing Futures: Case Study of the Nelson Housing Reserve Fund. Report for Building Better Homes, Towns and Cities, Affordable Housing for Generations – Component E, August 2022, 42pgs. Wellington: BBHTC.