New urban development policy ready to go
Announced back in June, the National Policy Statement on Urban Development Capacity (NPS) is one of the government’s initiatives to address the country’s widespread shortage of housing supply.
The NPS will ensure that councils in fast growing urban areas release enough land for new housing and building development to keep pace with the region’s growth.
It will be of most importance to the bigger councils experiencing high growth, like Auckland, but smaller, fast-growing cities, like Queenstown, will also be affected.
Building and Housing Minister Nick Smith has announced the policy has been signed off by government and will take effect on December 1.
He said the long-term root cause of New Zealand’s housing affordability problems is insufficient land supply.
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