No, this is about getting more homes built. Some developers will make money by doing that, but that’s not the point: we have a housing shortage and developers build housing. The council and central government, might also build more homes, but because we lack other large investors (e.g. the institutional housing investors that are more common overseas), developers making profit is the only meaningful way right now to get large numbers of new homes, at pace. See “People, Property and Public Good” on Talk Wellington. We hope that the Spatial Plan and its successful implementation will mean more community housing developers and non-profits will build homes too. See more on this sector on Community Housing Aotearoa.
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