Kāinga Ora – Homes and Communities (previously Housing NZ) Wellbeing Bonds
|Primary impact area||Impact area||Geographic location of impact||Investment commencement||SDG alignment|
|Social||Housing & Social Real Estate||New Zealand||2019,2020||
Increased supply of social and affordable housing is vital for meeting the needs of the most vulnerable New Zealanders and a crucial step in moving individuals towards building better lives.
Kāinga Ora supports people across New Zealand to have good quality, affordable homes, and live in strong, healthy communities. Kāinga Ora’s approach to sustainability is aligned with the New Zealand Government’s commitments including the UN Paris Agreement and the Sustainable Development Goals (SDGs), and its focus on wellbeing as a measure of the Government’s Living Standards Framework (LSF).
Kāinga Ora Homes and Communities (incorporating Housing New Zealand) operates as the NZ public housing landlord, and is focussed on partnering with the development community, Māori community, and local and central government on urban development projects.
In leading the Government’s priorities for housing and urban development, Kāinga Ora provides emergency, transitional and affordable housing. It provides social housing services for high risk, high need people, delivers public housing and works towards sustaining tenancies, and where it can move people to housing independence and social and economic participation in New Zealand society.
Kāinga Ora provides services to a cross section of the community, including those with health issues, disabilities and those that are socially disconnected. Kāinga Ora provides tailored services and housing solutions for individuals and families in need of additional support.
The Wellbeing Bonds are issued under ICMA Sustainability Bond framework, and fund development and retrofit for housing stock. The bonds also support environmental outcomes: through energy-efficient housing designs and construction, the bond is set to reduce emissions and waste – building greener, more sustainable communities.
The financing, over 4 years, hopes to see 5,295 people housed with new and/or retrofitted social housing accommodation; 192 new and/or upgraded facilities for supported housing for customers that need intensive support to continue to live in their homes; and 49 new and/or upgraded facilities that include mobility concerns.
In addition, wrap-around support will be provided for customers identified as most at risk of poor wellbeing outcomes. Since first established (October 2018), intensive tenancy management has supported 520 tenants.