Housing New Zealand Sustainability Bond
|Primary impact area||Impact area||Geographic location of impact||Investment commencement||SDG alignment|
|Social||Housing & Social
Public and social housing is vital to the livelihoods of thousands of vulnerable New Zealanders. The Housing New Zealand (HNZ) Ltd Sustainability Bond provides funds to HNZ’s social housing program, addressing growing public housing demand in communities across New Zealand.
HNZ is the largest residential landlord in New Zealand, housing approximately 185,000 people in its 64,000 properties. Its portfolio is valued at NZD26.7 billion, making it one of the New Zealand Government’s largest assets.
Funds invested as part of the bond will be used to construct new, or retrofit existing, social housing– delivering more homes at an accelerated pace for vulnerable New Zealanders. The housing that will be provided will not only provide access to safe, affordable places to live but will also connect at-risk New Zealanders with wrap-around social services which further support their social and economic participation in the New Zealand community.
Notably, the bond supports environmental outcomes in addition to social ones. By funding energy-efficient housing design and construction, the program is set to mitigate emissions, water use and waste – creating greener more sustainable communities.