Auckland Affordable Housing Development Project

This listing seeks funding for an affordable housing development project in Auckland, New Zealand. The project aims to address the nation's housing shortage by developing 114 individual titled apartment units (1, 2, and 3-bedroom). A key feature is the government's initiative to underwrite up to 60% of development funding, ensuring developer viability and reducing market risk. Construction will utilize an efficient "off-site" modular system, promising fixed construction prices for the main structure, reduced build times, and a smaller environmental footprint. The prime inner-city location boasts straightforward consenting processes. The developer is a seasoned entity with over 45 years of experience. This represents a significant opportunity in a market with demand for thousands of apartments.