CHFA Secures $150M to Bridge New Zealand’s $14B Social Housing Gap

Today, the Community Housing Funding Agency (CHFA) is thrilled to announce a significant funding milestone, having raised NZ$150,000,000 to bolster our mission of addressing New Zealand’s formidable social housing deficit, currently estimated at $14 billion. This groundbreaking achievement is the result of an inspiring collective commitment from philanthropists, fund managers, Government funding, and leading charities, all of whom share our passion for creating safe, secure, and sustainable living environments for communities across the nation. The new funds will be strategically deployed to launch innovative community housing projects, expand existing initiatives, and support the development of affordable housing solutions that are rigorously designed to meet both current and future needs. By increasing the capital available for housing infrastructure, CHFA is not only transforming the landscape of social housing but also stimulating local economies and encouraging community-driven collaborations. This infusion of financial support will accelerate the implementation of vital programs aimed at reducing housing instability, improving overall quality of life, and ensuring that the most vulnerable populations have access to dignified living conditions. Our approach is holistic and forward-thinking, as we combine resources from diverse funding streams to maximize impact and drive systemic change. As we celebrate this momentous achievement, we remain deeply committed to our overarching goal of mitigating New Zealand's social housing challenges, one community at a time. The NZ$150,000,000 raised will serve as a powerful catalyst, empowering us to realize our vision of a fairer, more inclusive society where everyone has the opportunity to thrive in a secure home.