![Briefing to the Incoming Minister of Housing: Monitoring Housing New Zealand Corporation and Tamaki Redevelopment Company [2013]](/mastheads/publications/briefings/housing-bim-2013.gif){kind=small}
Canterbury Investment Plan
32. HNZC owns approximately 6000 properties in Canterbury. Of these 215 have been classified as being in the red zone (a mixture across Christchurch and Kaiapoi) and 5,559 are in the green zone. The majority of green zone properties have some damage. Approximately 11 percent have structural damage and 86 percent have non-structural damage.
33. The Canterbury Investment Plan (CIP) is a 4-stage repair and development programme with a 10 year timeframe. It can be summarised as:
- Stage 1: Repair of 212 dwellings that were vacant and could be economically repaired - this has been completed
- Stage 2: Minor redevelopment of up to five demonstration redevelopment sites and a range of infill sites with existing land use permissions that will deliver between 200 and 385 new dwellings
- Stage 3a: Five year repair and upgrade programme of 5000 properties
- Stage 3b: Technology and methodology trials to inform HNZC on design and construction technologies that are viable and cost effective, and
- Stage 4: Major reconfiguration of HNZC's properties involving intensification of housing with a budget of $548 million.
34. HNZC's current plans for Canterbury are largely driven by its business needs i.e. to repair and rebuild damaged properties and reconfigure its stock in line with the objectives of its broader AMS. HNZC's plan has some benefits to the wider Canterbury recovery including private housing through mixed tenure development, demonstration of building methods using technology and methodology trials, and demonstration of higher density housing.
35. [2]
