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New Zealand launches $900M loan guarantee to boost social housing construction with lower financing costs.
New Zealand has launched a $900 million loan guarantee scheme to help community housing providers build more social homes by improving access to affordable financing.
The government will guarantee 80% of eligible loans, enabling providers to secure lower interest rates and better terms from banks.
The program, running until June 2027, supports up to $80 million per organization and complements existing funding through the Community Housing Funding Agency, which has an A+ credit rating and issued $200 million in social bonds.
The initiative aims to reduce financial barriers, accelerate housing delivery, and ensure warm, dry homes with support services for those in need.
Nueva Zelanda lanza una garantía de préstamo de $900M para impulsar la construcción de viviendas sociales con menores costos de financiación.