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Innovating Housing Futures: Case Study of the Nelson Housing Reserve Fund

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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.

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