New Zealand launches RDU program to stimulate residential construction with funding from closed KiwiBuild and BuildReady programs.
New Zealand has launched a Residential Development Underwrite (RDU) program to stimulate residential construction as the economy recovers. The initiative aims to help credible developers access financing, particularly in high-population areas like Auckland and Wellington. Funding will come from unused resources of the closed KiwiBuild and BuildReady programs. Eligible projects must have at least 30 homes and necessary consents. Registrations begin October 7.
October 03, 2024
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