HUD2024-005776
Jack Jones
[FYI request #29348 email] Tēnā koe Jack
Thank you for your email of 28 November 2024 requesting the following information under the
Official Information Act 1982 (the Act):
1. How many new developments did the BRD underwrite?
2. How many homes, by development, did the BRD contract to be built by way of an
underwrite?
3. Of those contracted homes in the BRD programme, how many have been completed?
4. When are the non-completed but underwritten homes in the BRD programme expected
to be completed, by development?
5. Of the completed homes in the BRD programme how many did the Crown have to
purchase as a result of the underwrite being used by the developer?
6. Of the homes purchased by the Crown, how many have been on-sold and did the Crown
recover the cost incurred in buying the homes?
7. How much of the original appropriation for the BRD programme was unspent?
The Affordable Housing Fund supports the development of new, affordable homes for low-to-
moderate income people and whānau, in locations facing the biggest housing supply and
affordability challenges. I would like to correct one of your initial statements, The Build Ready
Development pathway (BRD pathway) was one part of the Affordable Housing Fund. The BRD
pathway alone does not have a target of 4000 homes or an initial appropriation of $350 million.
For questions one to six of your request, I refer you to the attached tables in annex one. Please
note that the BRD pathway is not just an underwrite programme, it also pre-purchased homes to
accelerate stalled developments and on-sell the home to be used as affordable rentals or social
housing. The tables attached show both underwritten and pre-purchased BRD pathway
developments.
Regarding question seven, the $350 million Affordable Housing Fund was established as part of
Budget 2022 and originally it comprised of the Affordable Rentals Pathway, the Innovation
Pathway, and the BRD pathway. Of the original $350 million allocated to the Affordable Housing
Fund, the BRD pathway was allocated $134 million. In addition to this, a further $100 million was
transferred from the Land for Housing Fund (not the original appropriation) for a total allocation of
$234 million.
Of this, a total of $94 million was spent, meaning $140 million remains unspent. No applications
were progressed after October 2023 due to the change in Government. The unspent allocation
from the BRD pathway will be transferred to the Residential Development Underwrite programme.

You have the right to seek an investigation and review of my response by the Ombudsman, in
accordance with section 28(3) of the Act. The relevant details can be found on the Ombudsman’s
website at:
www.ombudsman.parliament.nz. As part of our ongoing commitment to openness and transparency, the Ministry proactively
releases information and documents that may be of interest to the public. As such, this response,
with your personal details removed, may be published on our website.
Nāku noa, nā
Jessica Garland
General Manager Programmes and Contracts
Te Tūāpapa Kura Kāinga – Ministry of Housing and Urban Development
2
Annex A: Data tables
3